Russian minister says Rusal nationalization not an option for now: Interfax

MOSCOW (Reuters) – Russia is not considering the temporary nationalization of aluminum giant Rusal (0486.HK) for now, Finance Minister Anton Siluanov was quoted as saying by Interfax news agency on Friday.

FILE PHOTO: Aluminium ingots are seen stored at the foundry shop of the Rusal Krasnoyarsk aluminium smelter in Krasnoyarsk, Siberia, July 27, 2016. REUTERS/Ilya Naymushin//File Photo

Russian companies, including Rusal, that have been hit by U.S. sanctions have requested 100 billion rubles ($1.6 billion) in liquidity from the government, Interfax added.

According to another news agency, RIA, Rusal has requested government support with liquidity and with demand for aluminum.

Reporting by Maria Tsvetkova; Writing by Polina Devitt; Editing by Mark Potter

Learn More about signals trading

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

BRIEF-Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-075

BRIEF-HNI Reports Q1 GAAP EPS Of $0.06