Rusal 0486

Re: Rusal 0486

Postby winston » Tue Jan 15, 2019 8:23 am

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Schumer to force vote on U.S. decision to lift sanctions on Russia firms

“I have concluded that the Treasury Department’s proposal is flawed and fails to sufficiently limit Oleg Deripaska’s control and influence of these companies and the Senate should move to block this misguided effort by the Trump Administration and keep these sanctions in place,” Schumer said in a news release.

An FBI agent said in an affidavit attached to a 2017 search warrant unsealed earlier this year that he had reviewed tax returns for a company controlled by Paul Manafort and his wife that showed a $10 million loan from a Russian lender identified as Deripaska.

Passage of the resolution of disapproval of Treasury’s decision would require the approval of both the Democratic-majority house and the Senate, led by Trump’s fellow Republicans who are unlikely to break with his policy.


Source: Reuters

https://www.reuters.com/article/us-usa- ... SKCN1P702L
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Re: Rusal 0486

Postby winston » Wed Jan 16, 2019 7:28 am

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U.S. Senate To Vote On Deripaska Sanctions Resolution

The January 15 vote is not expected to pass the Senate because lawmakers from Trump's Republican Party control the chamber.


Source: Radio Free Europe

https://www.rferl.org/a/us-senate-vote- ... 10379.html
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Re: Rusal 0486

Postby winston » Wed Jan 16, 2019 9:45 am

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Senate Advances Measure to Keep Sanctions on Deripaska Companies

By Laura Litvan , Daniel Flatley , and Saleha Mohsin

Democratic resolution could force Treasury to keep sanctions
Mnuchin says he’s not backing down from plan to lift penalties

11 Republicans aiding Democrats in a rare split with President Donald Trump.

The 57-42 vote to take up the measure Tuesday came shortly after Treasury Secretary Steven Mnuchin lobbied GOP senators at the Capitol and indicated he’s not backing down from his plan to lift sanctions.

Republicans control the Senate 53-47, which meant Democrats needed Republican support to get the minimum 51 votes needed to advance the resolution.

A bigger challenge looms later this week, when support from 60 senators will be needed to move the measure to a final vote.

Trump could veto the bill if the House and Senate approved it, meaning a two-thirds vote would be required in both chambers to override.




Source: Bloomberg

https://www.bloomberg.com/news/articles ... -companies
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Re: Rusal 0486

Postby winston » Wed Jan 16, 2019 12:04 pm

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In rare rebuke of Trump administration, some GOP lawmakers advance measure to oppose lifting Russian sanctions

Under the Treasury plan, Russia’s state-owned VTB Bank or another Treasury-approved entity will take ownership of a block of Deripaska’s shares in En+ that had been pledged against a loan.

According to Treasury, Glencore, the Swiss mining and trading company, will swap its shares in Rusal for shares in En+, which will dilute the holdings of all shareholders, including Deripaska.

Finally, the Russian businessman will donate about 3 percent of his En+ shares to a Russian charity he founded, Volnoe Delo, according to people familiar with the plan.





Source: Washington Post

https://www.washingtonpost.com/business ... cd135ba31f
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Re: Rusal 0486

Postby winston » Thu Jan 17, 2019 7:49 am

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Deripaska’s Rusal Flouts Sanctions Pledge With New Kremlin Stooge

The move further concerned lawmakers already worried that the changes made to comply with Treasury’s demands would prove cosmetic.

by Betsy Woodruff, Allison Quinn and Erin Banco

Source: The Daily Beast

https://www.thedailybeast.com/deripaska ... -sanctions
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Re: Rusal 0486

Postby winston » Thu Jan 17, 2019 7:52 am

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Senate rejects effort to block lifting sanctions on Rusal

by Justine Coyne

Pittsburgh — The US Senate rejected Wednesday an effort led by Democrats to block President Donald Trump from lifting sanctions on three Russian businesses, including Russian aluminum producer Rusal.

The Senate voted 57-42 to end debate on the resolution introduced by Senate minority leader Chuck Schumer, falling short of the 60 votes needed to move the measure to a final passage.

Source: S&P Global Platts

https://www.spglobal.com/platts/en/mark ... s-on-rusal
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Re: Rusal 0486

Postby winston » Fri Jan 18, 2019 6:43 am

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Sanctions on Rusal Are Coming to an End, Here's What It Means

By Mark Burton and Yuliya Fedorinova

The U.S. Treasury is expected to lift sanctions on Rusal soon
Rusal shares advanced and aluminum prices slid on Thursday

Citigroup Inc. estimates there could be more than 300,000 tons of Rusal metal in Europe alone.


Source: Bloomberg

https://www.bloomberg.com/news/articles ... t-it-means
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Re: Rusal 0486

Postby winston » Fri Jan 18, 2019 8:06 pm

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U.S. House backs sanctions on Russia's Rusal in symbolic vote

by Patricia Zengerle


WASHINGTON, Jan 17 (Reuters) - The U.S. House of Representatives on Thursday backed legislation to keep sanctions on companies linked to Russian oligarch Oleg Deripaska, including aluminum firm Rusal, but the Trump administration is expected to lift them as soon as Friday.

The Democratic-led House voted by an overwhelming 362 to 53 in favor of a resolution of disapproval of the U.S. Treasury Department’s decision last month to lift sanctions on the core businesses of Deripaska: Rusal, its parent, En+; and power firm EuroSibEnergo Plc.

But the vote was only symbolic, after a similar measure failed in the Republican-led Senate on Wednesday, in a victory for President Donald Trump.

Source: Reuters

https://www.reuters.com/article/usa-rus ... SL1N1ZH157
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Re: Rusal 0486

Postby winston » Fri Jan 18, 2019 8:14 pm

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US House Approves Resolution to Block US Sanctions Relief for Russian Companies

by Alexander Kryazhev

17.01.2019

WASHINGTON (Sputnik) – The US House of Representatives on Thursday endorsed a resolution to block the Treasury Department from moving forward with its plans to ease sanctions on three Russian companies, EN+, Rusal and Eurosibenergo.

The House voted 362 to 53 in favour of the resolution which disapproves of a Trump administration decision to lift sanctions on three Russian companies after they agreed to sweeping restructuring to reduce the control of Russian businessman Oleg Deripaska.

The move comes just hours after the US Department of the Treasury reportedly extended the expiration date of certain general licenses related to Russian companies En+, Rusal, EuroSibEnergo from January 21 to January 28.

The move followed the US Senate's failure to secure enough votes to bar the Treasury from lifting sanctions on the three companies.

Source: Sputnik News

https://sputniknews.com/business/201901 ... ns-russia/
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Re: Rusal 0486

Postby winston » Mon Jan 28, 2019 8:09 am

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US lifts sanctions on Rusal and En+

Deal with Deripaska frees groups from trading curbs despite opposition in Washington

The Treasury department said late on Sunday that it had removed the sanctions imposed in April, backing a deal that has been hammered out by Mr Deripaska and En+ over the past nine months.


Source: Financial Times

https://www.ft.com/content/2ef4e9d8-227 ... b4543da632
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