A decision by the U.S. Treasury Department to change its Russian sanctions program may greatly reduce the restrictions on aluminum giant Rusal, Rio Tinto Chief Executive Jean Sebastien Jacques said on Wednesday, according to Reuters.
On April 6, Washington imposed sanctions against Russian billionaire Oleg Deripaska and several companies in...
A co-owner of Russian aluminum producer Rusal said on Monday a new strategy for the company was immediately needed after it was hit by U.S. sanctions, Reuters reported.
SUAL Partners, Russian billionaire Viktor Vekselberg’s investment vehicle and owner of a 22.5 percent stake in Rusal, said that Rusal’s board and shareholders...
Russian billionaire Oleg Deripaska has agreed in principle to reduce his stake in Russia’s En+ Group, which manages his aluminium and hydropower assets, to less than 50%, CNN reports. The move, by which the businessman is ceding control over the group, comes after U.S. authorities suggested easing of sanctions...
Moscow and Tehran have signed memorandums on the delivery of 40 Sukhoi Superjet-100 (SSJ-100) passenger planes to Iran at the Eurasia Airshow, Sukhoi Civil Aircraft President AleksandrRubtsov has said, according to Vedomosti.
Iran will receive the new SSJ100R version of the airliner by 2022, according to Rubtsov. Initially, both parties...
Russia's automotive sector has been “seriously supported” by the government, which helped the once-troubled sector emerge from the crisis of the past four years, Just Auto reported.
The government help for the country’s car industry reached more than $1 billion last year alone, Kremlin politicians said, according to the website.
Last month’s sale of cars...
Russia’s machine-building enterprise Uralvagonzavod (UVZ), which is part of the state-owned hi-tech corporation Rostec, is not affected by problems related to American sanctions against Russia, the company’s Chief Executive Officer Alexander Potapov told Kommersant.
“So far, we have not experienced any real problems. Sanctions keep us in a certain shape...
Aluminum prices continued to fall for five consecutive trading sessions on the London Metal Exchange (LME) on Wednesday after the U.S. Treasury earlier this week eased sanctions against Russia’s Rusal – the second largest producer in the world.
As of 7:30 GMT, the cost of three-month aluminum futures on LME...
The general manager of Russia’s state defense agency Rosoboronexport Alexander Miheyev has said that Moscow had started to produce the S-400 missile defense systems purchased by Turkey, TRT reported.
“Production has started. Everything has been discussed, and we will fulfill our responsibilities. We have started to actualize the agreement,” said...
UK jet engine maker Rolls-Royce is in talks with Aero Engine Corporation of China (AECC) on a possible partnership that would see the companies jointly supply engines for a new wide-body aircraft planned by China and Russia, Bloomberg reports.
The two companies met earlier this year to discuss cooperation on...
A Siberian town will be doomed unless Moscow finds a way to mitigate U.S. sanctions against aluminum giant Rusal, workers at one of Russia's biggest aluminum smelters have told Reuters.
The government will have to step in "so that people don't start howling," said a welder who has worked at the...
