Date: 5 days ago   Category: Industry

Stocks of RUSAL grow for 4.3% against the background of intentions of the USA to remove sanctions from the company — Rambler News Service


Photo: Dmitry at opening of the trading of the Moscow Exchange as of 10:11 Moscow time grow at Rogulin/TASS of the Stock of RUSAL for 4.27% in comparison with closing of the previous trading session — up to 31.38 for paper, exchange data demonstrate. Besides, the price of the global depositary receipt (GDR) of En grows for 4.92% — up to 445.9 rub for paper. The day before the U.S. Treasury Secretary Stephen Mnuchin confirmed that from RUSAL, En and Oleg Deripaska's EuroSibEnergo will remove sanctions. At the same time he noted that the companies will face real consequences, up to renewal of sanctions if the obligations undertaken by them are violated. Besides, Mnuchin emphasized that restrictions against Deripaska will remain in force. On December 19 Management on control of foreign assets (OFAC) of the Ministry of Finance of the USA sent the notice to the U. S. Congress of intention to remove the restrictive measures entered concerning the companies of the Russian businessman Oleg Deripaska — En Group, UC Rusal and EuroSibEnergo. On April 6, 2018 the Ministry of Finance of the USA imposed sanctions against the Russian 24 physical and 14 legal entities. Fell under sanctions, including, the businessman Oleg Deripaska and the companies controlled by it — the only Russian aluminum producer RUSAL, En Group, GAZ Group, Basic Element. Later in the USA specified that sanctions can be partially removed from RUSAL on condition of refusal of the businessman of control in the company.

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