Report: Russia can help RUSAL by buying aluminum, lending
MOSCOW, Sep 6 (PRIME) -- The Russian government is ready to support aluminum producer RUSAL which is under U.S. sanctions by purchasing aluminum or providing loans, Deputy Finance Minister Vladimir Kolychev told Bloomberg in an interview released on Thursday.
New sanctions against Russia was introduced by the U.S. in April. RUSAL was among the blacklisted companies, which means arrest of assets in the U.S. and prohibition to American citizens to have any business with it.
RUSAL started temporary shutdowns of electrolysis capacities of its Nadvoitsy Aluminum Smelter in the republic of Karelia at the start of August, saying that that the company, which sold its products to the U.S., has been stockpiling the metal since April because of sanctions.