Tags: EU | Russia | Sanctions

Kremlin Says Nationalizing Sanction-hit Rusal Is an Option

Thursday, 19 April 2018 10:38 AM

MOSCOW (AP) — The Kremlin says a temporary nationalization of aluminum producer Rusal is being discussed after the company was hit by United States sanctions.

President Vladimir Putin's spokesman Dmitry Peskov says nationalization is "one of the viewpoints which is being actively discussed" as the government mulls how to support Rusal.

Peskov adds that "it is important here to understand the opinion of the company's shareholders, the company's owners and the government," and that no decision has yet been reached.

Earlier this month, the U.S. hit Rusal and its major shareholder, tycoon Oleg Deripaska, with sanctions that have blocked the company from using many international financial institutions and caused it to lose customers. Its share price has also fallen sharply.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
GlobalTalk
The Kremlin says a temporary nationalization of aluminum producer Rusal is being discussed after the company was hit by United States sanctions.President Vladimir Putin's spokesman Dmitry Peskov says nationalization is "one of the viewpoints which is being actively...
EU,Russia,Sanctions
119
2018-38-19
Thursday, 19 April 2018 10:38 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved