FTSE Russell to remove RUSAL, En+ securities from indices Fri - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

FTSE Russell to remove RUSAL, En+ securities from indices Fri

MOSCOW, Apr 11 (PRIME) -- Index provider FTSE Russell will remove stocks of Russian aluminum giant UC RUSAL and En+ Group from its indices from Friday due to the companies being blacklisted by the U.S., it said in a statement on Wednesday.

The London Metal Exchange (LME) said it will suspend trading in RUSAL’s metals from April 17 in light of the sanctions.

The New York Commodity Exchange (COMEX) said it immediately canceled registrations and deliveries of some aluminum brands produced by RUSAL.

Reuters reported citing sources that RUSAL had activated a contingency plan asking customers to pay in euros instead of U.S. dollars to try to skirt round the U.S. sanctions.

On April 6, the U.S. imposed sanctions against a total of 38 Russian tycoons, officials and companies, including Oleg Deripaska.

End

11.04.2018 08:42
 
 
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