Report: LME may lift ban on trading in some RUSAL products
MOSCOW, May 21 (PRIME) -- The London Metal Exchange (LME) plans to lift a ban on trading of some products of Russian aluminum giant UC RUSAL that was introduced earlier due to the U.S. sanctions, Bloomberg reported Monday citing Hong Kong Economic Journal.
LME is currently in talks with the government to study a possibility of trade of some RUSAL products on the bourse, LME CEO Matthew Chamberlain said.
The temporary ban was introduced in mid-April until RUSAL provides proof to LME that it does not violate 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.