Rusal Q2 profit surges vs year-ago earnings

Adjusted net profit of Russian aluminum producer Rusal in the second quarter of 2018 decreased 31% in comparison with the first quarter and amounted to $218 million, the company said in its interim report. In comparison with the second …

Rusal shares up in Hong Kong and Moscow

Shares of Russia’s aluminum producer Rusal on the Hong Kong Stock Exchange grew 14.3% as of 04:30 Moscow time today amid reports of negotiations between the company and the US authorities on the possible removal of sanctions, according to …

Rusal chief executive and 7 directors resign

Russian aluminium producer Rusal said its chief executive and seven directors had resigned. The company said that “in furtherance of such efforts”, chief executive Alexandra Bouriko had resigned and seven …

Will state buy Deripaska's stake in Rusal?

Russian industry and trade minister Denis Manturov said that he would not rule out the possibility that the state buys a stake in Rusal from top shareholder Oleg Deripaska, targeted by US sanctions. …

Will US Treasury drop Rusal sanctions?

The U.S. Treasury said it would provide sanctions relief to Rusal if Oleg Deripaska relinquished control, according to statement. It also extended the deadline for companies to wind down dealings with the Russian aluminum …

Rusal shares plummet to new low

Russia's aluminium producer Rusal tumbled as much as 21% this morning in Hong Kong after the US promised further sanctions against Moscow for supporting the Syrian government. The Trump administration vowed to impose more sanctions …