Minister: Russian government to support RUSAL facilities - 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

Minister: Russian government to support RUSAL facilities

MOSCOW, Apr 11 (PRIME) -- The Russian government does not plan to acquire a stake in sanction-hit aluminum giant UC RUSAL, but will support facilities of the company so that they donТt stop working, Finance Minister Anton Siluanov told reporters on Wednesday.

On April 6, the U.S. imposed sanctions against 38 Russian tycoons, officials and companies, including tycoon Oleg Deripaska and companies that he control, including RUSAL.

УRUSAL definitely has some restrictions. Firstly, we should ensure stable operation of RUSALТs facilities that were hit by the sanctions,Ф he said, adding that the government does not consider the purchase of a stake in the company as a support measure.

He also said that the government does not plan to start purchasing aluminum or other metals into state reserves in order to support RUSAL.

The Russian authorities may also provide short-term liquidity for the sanction-hit companies as a support measure. УWhen financial flows of the sanctioned banks are shut, access to financial resources becomes limited. At the time, the state may provide temporary liquidity through the banks if it is necessary,Ф he said.

But the volume of the support is unclear. УI am only speaking about it hypothetically,Ф he said.

End

11.04.2018 17:26
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 75.3218 +0.4196 20 nov
USD 66.0081 +0.0150 20 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1135.71 +0.07 18:50 19 nov
micex 2373.78 +0.05 18:50 19 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 154.30 +0.74 17:21 19 nov
lkoh 4856.00 +0.66 17:21 19 nov
rosn 424.50 +0.87 17:21 19 nov
sber 199.80 +0.27 17:21 19 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 75.2500 +0.3475 14:59 19 nov
USDTD 65.9250 +0.2025 17:44 19 nov