Rusal in a sentence

After the site shut this year, Rusal had to look for new sources of supply, including in China and Kazakhstan.

For there is the newest development involving one of the oldest poster boys, the arrogant Rusal, this visionary, rapacious corporate beast that is an untamed Russian Bear prowling in Guyana’s rich pantries.

Imagine Rusal could sell oil and fuel more cheap than Guyoil and still operate a big bauxite plant.

I raise the issue of Rusal, as it is but a clear example of the “Wild West” situation in Guyana that has been allowed with foreign investors.

Representatives of the Guyana Bauxite and General Workers’ Union (GB&GWU) meeting with officials of the Department of Labour of the Ministry of Social Protection this morning in the absence of representatives from RUSAL.

Rusal will have a 40 percent stake in the facility.

Sanctions against Rusal and its parent En+, were lifted in January as Deripaska reduced his stake after months of talks and several extensions of the deadline for sanctions to take full effect.

But if Oleg Deripaska fails to sufficiently distance himself from Rusal and such that sanctions are applied as currently expected, expect physical delivery premiums in Europe to rise again and for considerable disruption to the supply market next year.

Deripaska, estimated by Forbes magazine to have a net worth of $6.7 billion, is the main owner of the conglomerate EN+, which in turn is the co-owner of some of the world's biggest metals producers, Rusal and Nornickel.

He resigned as president of both EN+ and Rusal earlier this year but had remained on the boards as a non-executive director.

However, the impact upon Rusal and the wider aluminium trade has been significant.

I’m not going into all the details but bonds promptly went no bid and the equity in Rusal Hong Kong listed shares collapsed about 72% in a period of a few weeks.

In April, America signalled it was willing to scrap sanctions against Russian aluminium group Rusal after the measures sent metals prices skyrocketing.

Mr. Paulwell says since the imposition of the sanctions, aluminium prices have increased dramatically while the value of shares in UC Rusal has dropped to less than half their pre-sanction levels.

Rusal and the Russian oligarch who controls it, Oleg Deripaska, were hit by the sanctions last week in response to Russia’s “destabilising activities”.

Rusal owns assets in Italy, Ireland, Sweden, Nigeria, Guyana, and Guinea.

Rusal, the world’s largest aluminium producer outside China, has been hit by U.S. sanctions imposed on it and co-owner, Oleg Deripaska in early April, a move that damaged the company’s exports and internal supply chain.

Shares in the Russian aluminium giant Rusal nearly halved on the Hong Kong stock exchange on Monday.

The EU’s leaders, including Germany’s Merkel and France’s Macron, subsequently to Washington to secure exemptions for their businesses in dealing with Rusal, but their concerns fell on deaf ears.

This follows the resignation of Glencore Chief Executive, Ivan Glasenberg from his role as a RUSAL director,” the report said.