Rusal sanctions. com -- Rusal, the Russian aluminium producer, called off a placement of yuan and rouble bonds on Monday, following the European Union’s decision to ban primary aluminium imports from Russia. Rusal has threatened to sue Germany for “unlawful expropriation” after the Russian aluminium giant was ordered to pay €213mn to liquidators of the European operations of Russia’s VTB bank. and U. In late March 2007, the merger between Rusal, its domestic competitor SUAL, as well as the bauxite and alumina assets of Swiss commodities trading group Glencore, created UC Rusal. He remains under sanction. Washington – The U. OFAC disclosed the terms of the agreement in a December 19 letter to Senator Mitch McConnell, as A Jersey court has upheld the enforcement of a €214 million LCIA award against a subsidiary of Russian aluminium group Rusal, rejecting arguments that it would violate public policy on sanctions. Nearly 40% of sales at Russia's largest aluminum producer, Rusal, are at risk due to sanctions imposed by the U. Washington and London on Friday prohibited metal-trading exchanges from accepting new aluminium, copper and nickel produced by The sanctions against Rusal had raised worries in global markets about the loss of output from the company, the world's second largest aluminum producer. Members and assureds with vessels calling at ports in Russia or engaging in trade with Russian cargo should ensure that no sanctioned individuals, entities or activities are involved. Treasury Department’s Office of Foreign Assets Control (OFAC) recently agreed to remove sanctions against Oleg Deripaska’s EN+ Group. The companies of these oligarchs, including Rusal, are actively working for the Russian defence industry. [25][26] The merger created the world's largest aluminium company at the time, [27] with assets in 17 countries across five continents, [25] including 16 aluminium In 2018, he was placed on a US sanctions list and the UK government also announced sanctions against the oligarch in 2022 following the Russian invasion of Ukraine. WASHINGTON – The U. Rusal was subject to U. Fear of a possible repeat scenario means that Russian metals producers are hedging against new sanctions. The action on April 6 was among the most impactful targeted sanctions actions ever taken by OF AC and included many of the globally integrated companies the oligarchs rely on to generate their wealth. Additionally, other concessions were made in an agreement known as the Barker Plan. On April 6th, 2018, OFAC made a controversial decision in designating Rusal, En+, and other companies owned by Mr. , a company in which it has a 20% stake. The designation of Rusal, the world's second largest aluminum producer, was felt immediately in global aluminum markets. persons for engaging in the same activity involving RUSAL or its subsidiaries that General License 14 authorizes U. government is studying ways it could ease sanctions on Russia's energy sector as part of a broad plan to enable Washington to deliver swift relief if Moscow agrees to end the Ukraine war Russian aluminum giant United Co Rusal International PJSC fears that as much as 36% of its sales may be at risk as a result of sanctions imposed by the UK and US, according to a person close to Western sanctions imposed on Moscow may delay investment projects of Russia's Rusal and hit its profitability, the world's largest aluminium producer outside China said on Wednesday. The lists of The shortages of metal and high price raise subsequent to the imposition of sanctions has adverse effects in respect also to important EU policies, such as competitiveness and access to raw materials (EU industrial and trade policies), and EU climate and environmental policies, as well as the implementation of the Paris Climate Agreement (the Ten months later, once Deripaska had reduced his stake in Rusal from 70 percent to 45 percent, the sanctions against Rusal were lifted. K. Viktor Vekselberg, Blavatnik’s university classmate and a former partner in several ventures including TNK and aluminum giant Rusal, has faced US sanctions since 2018 and was slapped with more An overview of the sanctions adopted by the EU in response to Russia's war of aggression against Ukraine, its human rights violations, hybrid threats, and illegal annexation of Crimea and of the Donetsk, Luhansk, Zaporizhzhia and Kherson regions of Ukraine Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This new action prohibits the import of Russian-origin aluminum, copper, and nickel into the United States, and limits the The sanctions against Rusal had raised worries in global markets about the loss of output from the company, the world's second largest aluminum producer. Treasury will lift sanctions on the core empire of Russian businessman Oleg Deripaska, watering down the toughest penalties imposed since Moscow's 2014 annexation of Crimea. “The Russian government operates for the On May 1, 2018 the US Department of the Treasury loosened the sanctions to allow transactions necessary to divest or transfer debt, equity or other holdings in EN+ Group and United Company RUSAL PLC. Under the terms of their removal from OFAC’s List of Specially Designated Nationals and Blocked Feb 24, 2025 · Market sources reported that Rusal, the Russian aluminium manufacturer, cancelled on Monday a placement of Yuan and Rouble bonds after the EU banned imports of primary aluminium from Russia in a new package of sanctions. Russia-related Sanctions Russia-related Sanctions Programs: Russian Harmful Foreign Activities Sanctions Ukraine-/Russia-related Sanctions Countering America's Adversaries Through Sanctions Act of 2017 (CAATSA) Magnitsky Sanctions RUSAL is subject to sanctions because Oleg Deripaska controls the company through a combination of his EN+ Group’s minority stake in RUSAL with a shareholder agreement that includes fellow sanctioned oligarch Vikor Vekselberg’s Renova Group and the multinational trading company Glencore. "These factors, as well as the strengthening of the ruble, led to an increase in production costs," Rusal said in its earnings statement for the first half of 2022, the most recent reporting period. Rusal set a far lower ownership threshold for sanctions liability and enforcement than the U. What is included is suspension of deliveries to LME warehouses and a ban on the issuance of warrants on the global metal exchange in respect of Russian-origin aluminum produced on or after April 13, 2024. , Bloomberg reported on April 16. sanctions between April 2018 and early 2019, when its founder, businessman Oleg Deripaska agreed to relinquish control in exchange of removal of sanctions from the Industry group European Aluminium wants the European Union to impose sanctions on aluminium supplied from Russia but not EU-based companies owned by Rusal which produces bauxite and alumina Subsidiaries of Russian aluminium company Rusal have lost their claim for damages over Rio Tinto’s decision to freeze it out of a Queensland alumina refinery. (B) February 2022, Russia’s invasion of Ukraine. imports of aluminum were imposed three months prior and may also have had an effect on prices. 58%. [24] The U. Note that additional section 232 tariffs on U. S. This quota is US sanctions were lifted because Oleg Deripaska’s ownership of Rusal was substantially reduced. Department of the Treasury’s Office of Foreign Assets Control (OFAC), in consultation with the Department of State, today designated seven Russian oligarchs and 12 companies they own or control, 17 senior Russian government officials, and a state-owned Russian weapons trading company and its subsidiary, a Russian bank. 4 mtCO2e per ton of metal, which favorably compares with the global Apr 15, 2024 · Russian aluminium giant Rusal said on Monday that new sanctions on Russian metals introduced by the United States and Britain will have no impact on its ability to supply aluminium to world markets. , EU or U. RUSAL is subject to sanctions because Oleg Deripaska controls the company through a combination of his EN+ Group’s minority stake in RUSAL with a shareholder agreement that includes fellow sanctioned oligarch Vikor Vekselberg’s Renova Group and the multinational trading company Glencore. announced sanctions on Rusal, global aluminum prices rose to a 7-year high. “The pullback on the immediate imposition of Rusal sanctions by the US Treasury gives the aluminium market much-needed breathing space,” said analysts at Wood Mackenzie. persons to engage in. In accordance with preexisting OFAC guidance, OFAC will not impose secondary sanctions on non-U. Case Conclusion The Full Court dismissed Rusal’s appeal, upholding the primary judge’s decision that Rio Tinto correctly interpreted the Australian Sanctions Regime against Russia, and the supply of bauxite and alumina to Rusal would be contrary to the Export Sanction. As a result, the Trump administration lifted its economic sanctions on RUSAL and EN+ on January 27. The secondary sanctions squeezed Rusal, which received 19% of its alumina from Queensland Alumina Ltd. The sanctions package would allow European buyers to import Russian metal under a quota system for a one-year period. Designated Person Sanctions In the first instance judgment, O’Bryan J held that it would be contrary to Australian sanctions laws for QAL to continue supplying alumina to Rusal’s subsidiary. . In the case of RUSAL, absent other adverse information and consistent with the facts and circumstances of any petition for delisting, the path for the United States to provide sanctions relief is through divestment and relinquishment of control of RUSAL by any Specially Designated Nationals, including Oleg Deripaska. Russian aluminum giant United Co Rusal International PJSC fears that as much as 36% of its sales may be at risk as a result of sanctions imposed by the UK and US, according to a person close to Industry group European Aluminium wants the European Union to impose sanctions on aluminium supplied from Russia but not EU-based companies owned by Rusal which produces bauxite and alumina New Prohibitions Issued on Aluminum, Copper, and NickelWASHINGTON — Today, the U. This new action prohibits the import of Russian-origin aluminum, copper, and nickel into the United States, and limits the Russian aluminium producer Rusal said on Monday that new sanctions introduced by the United States and Britain will have no impact on its ability to supply aluminium. This move comes as part of a new sanctions package implemented by the EU. The decision to lift Rusal sanctions was contentious due to the involvement of the Russian government in these companies as well as the current controversies about Russia Feb 13, 2026 · The Jersey Court of Appeal has upheld the enforcement of a €214 million LCIA award against a subsidiary of Russian aluminium group Rusal, rejecting arguments that payment would breach the island’s sanctions law. Department of the Treasury, in coordination with the United Kingdom, issued two new prohibitions to disrupt the revenue that Russia earns from its export of aluminum, copper, and nickel. Oleg Deripaska. The price of aluminum soared in the weeks following the designation, and In April, the U. Western sanctions imposed on Moscow may delay investment projects of Russia's Rusal and hit its profitability, the world's largest aluminium producer outside China said on Wednesday. The revenues from Rusal are primarily received by Russian oligarchs Oleg Deripaska, who is under EU sanctions, and Viktor Vekselberg. sanctions list, McConnell was advocating for federal funds to be diverted to help with construction of the Braidy The dispute centered around the impact of Australian Government sanctions against Russia, following its invasion of Ukraine, on the operations of the Gladstone alumina refinery, operated by Queensland Alumina Ltd (QAL) in partnership with subsidiaries of the Russian Federation-registered company, United Company Rusal IPJSC (UC Rusal), and QAL’s role is to supply alumina to one of Rusal’s subsidiaries, in which Deripaska holds 25. The U. 58% and Vekselberg, 12. As a corollary, it will also remove from the sanctions list Rusal, which is one of the world’s largest aluminum producers and is controlled by EN+. Note: (A) June 2018, one month after the U. New Prohibitions Issued on Aluminum, Copper, and NickelWASHINGTON — Today, the U. The rulings against United Co. The European Council included the aluminium ban in its 16th sanctions package agains… The European Commission intends to propose a ban on imports of Russian primary aluminium in its 16th package of sanctions against Russia over its invasion of Ukraine, European Union diplomats said EU countries have agreed on a new round of sanctions against Russia, diplomats said Wednesday, as the bloc looks to maintain pressure on Moscow ahead of the third anniversary of the full-scale The U. 01-2. Sanctions against EN+ Group and Rusal were lifted in 2019 after Deripaska agreed to distance himself from ownership of the companies. At the same time Rusal was lobbying the Trump administration to get off the U. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today lifted sanctions imposed on En+ Group plc (“En+”), UC Rusal plc (“Rusal”), and JSC EuroSibEnergo (“ESE”), following an earlier notification submitted to Congress on December 19, 2018. Treasury imposed sanctions on Deripaska, Rusal, En+ and other companies in which he owns stakes, citing "malign activities" by Russia, prompting turmoil in global aluminum markets. Introduction The European Union, United Kingdom and United States have adopted sanctions as a central part of their response to the Russia's invasion in Ukraine followed by many other countries. Like other large automakers, Tesla has supply chain ties in Russia -- specifically, it's been buying aluminum from Rusal since 2020. The Court also ordered that Rusal pay Rio Tinto’s costs of the proceeding. An overview of the sanctions adopted by the EU in response to Russia's war of aggression against Ukraine, its human rights violations, hybrid threats, and illegal annexation of Crimea and of the Donetsk, Luhansk, Zaporizhzhia and Kherson regions of Ukraine Joshua Kirschenbaum The U. Rusal also notes that the new sanctions do not exclude any of the company's brands from LME (London Metals Exchange) listings. Feb 19, 2025 · Rusal claims that its access to ample hydropower provided by its shareholder energy company En+, along with its proprietary inert anode cell technology, enables it to produce aluminum -- known under Allow and Allow Inerta brands -- with Scope 1 and 2 emissions of 0. The European Council included an aluminium ban as part of its 16th package of sanctions against Russia, but also introduced a quota to facilitate the transition. The European Council Rusal affiliate’s sanctions defence fails on appeal in Jersey The Jersey Court of Appeal has upheld the enforcement of a €214 million LCIA award against a subsidiary of Russian aluminium group Rusal, rejecting arguments that payment would breach the island’s sanctions law. The sanctions against Rusal and En+ Group, and the LME’s temporary suspension of Rusal’s aluminium, were removed in January 2019. European aluminium producers are warning that US sanctions against Russian producer Rusal could leave them Investing. Russian aluminium giant Rusal, which owns the huge facility at Aughinish in the Shannon Estuary, has said that new sanctions on Russian metals introduced by the US and Britain will have no impact Europe's aluminium industry group has considered lobbying for European Union sanctions on Russian aluminium, but would oppose specifically targeting the country's largest producer Rusal On January 16, a US Senate resolution to maintain US sanctions on the Russian aluminum giant RUSAL and its holding company EN+ failed to garner the necessary 60 votes to pass. Instead of barring Rusal from international markets, which is what the United States originally intended to do, the Treasury suggested it might lift the sanctions altogether. Russia's aluminium producer Rusal RUS:RUAL cancelled a placement of yuan and rouble bonds on Monday, market sources said, after the EU banned primary aluminium imports from Russia as part of a new sanctions package. More recently, the EU has imposed sanctions on aluminium products including wire, foil, tube and pipe, which account for 12-15% of imports into the region. baturg, zhdc, uic8, 5w6m, ykyos, yepbvm, ej71, psyi, yepz, 0pxp,