Report: Glencore may resume aluminum purchases from RUSAL
MOSCOW, Apr 25 (PRIME) -- Swiss commodity trader Glencore, the biggest buyer of aluminum of Russian UC RUSAL, plans to resume purchases after the U.S. has softened its anti-Russian sanctions, news agency Bloomberg reported citing sources familiar with the situation on Wednesday.
Glencore has decided that it may continue buying RUSAL’s aluminum until October, according to the sources.
Glencore declined to comment. RUSAL failed to answer promptly.
On Monday, the Office of Foreign Assets Control (OFAC) said that the U.S. can lift sanctions against RUSAL if businessman Oleg Deripaska cedes the control.
On April 6, the U.S. imposed sanctions against 38 Russian tycoons, officials and companies including Deripaska.