Aluminum News

We strive to let you one step ahead of the market.

RUSAL to restart commerce with Europe & US after punishment

2 Apr 2019 14:59 reported by Juantxo Huang

  • A
  • A
  • A

Last April was the moment when the US government started to implement penalty on the Russian aluminum enterprise, RUSAL, due to its ex-president Oleg Deripaska.

Since that moment, there was no any US citizen could establish commercial relation with this company, hence the value of this company fell down by the half in the stock market and it was going to declare bankruptcy. Back then, the company needed to face additional costs because of the reconstruction of it supply chain.

After this dilemma, the director of the company, Evgeny Nikitin, today has affirmed that finally this enterprise restarted to provide European and the US' market with its aluminum. This meant it’d be probable that this company got back to its past revenue sooner or later.