The US is trading with Russia for sanctions

23 April 2018, 18:25 | Policy 
фото с YTPO.ru

The US Finance Ministry is ready to weaken sanctions against the Russian aluminum giant, if the current head of the company Oleg Deripaska leaves his post. This is reported by Bloomberg with reference to the US financial department. In addition, the US Ministry of Finance increased to 5 months the period during which companies cooperating with Rusal should complete their transactions. After the news was made public, the stock prices for aluminum soared by 8.3% - this is the biggest intraday jump since 2005. "Rusal" produces about 6% of world aluminum, the company manages mines and factories all over the planet - from Russia to Guinea, Ireland and Jamaica. Before Washington changed its position on Sanctime against the Russian company, there was complete chaos in the markets for two weeks in a row. It got to the point that representatives of the industrial lobby of Germany last week said that European plants could be closed, and car manufacturers would suffer from a lack of metal. "If before it was unclear if Rusal would remain under sanctions, if Deripaska sells it, now the answer is clear. Changing ownership structure will solve the problem, "Oleg Petropavlovskiy, analyst at BCS Global Markets. US Treasury Secretary Stephen Mnuchin stressed that "Rusal" was under US sanctions because of Oleg Deripaska, but the government was not going to cause problems to ordinary employees of the company and its "daughters". The growth in prices for aluminum affected the dynamics of the cost of other metals. Thus, palladium grew by 4. 2%, and nickel - on the whole 5. 7%.

Источник: YTPO.ru