Sanctions and falling ruble are not the first year because of these factors the Russian Forbes list members are getting poorer.
Why the company En + Oleg Deripaska changes the registration.
This was a tactical victory for the hired oligarchs in the US lobbyists. Until January 2019, Washington allowed to cooperate with the toxic Rusal.
According to FT, according to FT, they demand not to invite fallen under sanctions of the Russians.
Rusal announced the re-registration from the island of Jersey to Russia. The company explained that this is the best solution for it.
But for her, getting into the sanctions list, unlike other Deripaska company - UC Rusal is far from being so dramatic.
Consumers buy metal in store for fear of the start of sanctions against the company.
The oligarch structures are planning to leave the island of Jersey and Cyprus, however, the offshore island of October in Kaliningrad does not yet exist.
The New York Times described how the Russian oligarch rejected the FBI proposal for cooperation.
Viktor Vekselberg did not have personal accounts in Cyprus, his representative said. Earlier, the US Treasury reported that the bank accounts of Vekselberg and Oleg Deripaska in Cyprus were frozen after US sanctions.
The US Ministry of Finance requires a "final withdrawal" of a businessman from En + and "Rusal". The Russian oligarch is still stubborn.
Aluminum giant Oleg Deripaska is going to re-register in Russia after his main shareholder En +.
Beluna Investments Ltd, a member of Renova Group of companies Viktor Vekselberg, on August 15, reduced its stake in the power company Hevel from 51 to 46%.
En + Holding Limited will move from Cyprus to either Kaliningrad or Primorsky Krai.
Despite the net profit for the past year of $ 1 billion, the aluminum company again has no money. In the event of requisition by the state of 513 billion rubles from Russian metallurgical and chemical companies, Rusal's losses due to the lack of dividends from MMC Norilsk Nickel will amount to 1.4 billion dollars.
According to FT, the businessman is ready to reduce the stake in the group to 45% in favor of VTB.
The stubbornness of Oleg Deripaska, who does not want to accept an ultimatum from the US Treasury, may lead to the closure of aluminum plants in Russia.
The main owner of Rusal refused to reduce its stake in the holding company En + Group below 50%. Oleg Deripaska considered the demands of the Ministry of Finance to be "bonded".
Procrediting a repo transaction during the IPO En + Group of Oleg Deripaska, VTB Bank requires the Singaporean company AnAn Group $ 170.4 million. Most likely, the bank will receive only a hole from a bagel: the Singapore company belongs to the Chinese CEFC, which did not override the stake in Rosneft and was bankrupt.
En + Group intends to obtain from VTB and Sberbank write-off of loans for 5.25 billion dollars of the company "Rusal". These measures are mentioned in the "plan" of Lord Barker, with whom he and his European allies entered into negotiations with the US Treasury.
Head of the department of the block of trading "Inter RAO" Evgenia Voronova hastily resigned from the company after the arrest of her boss - accused of spying for Romania, Karina Turcan. Voronova is the daughter of Oleg Deripaska, a long-time associate of Vladimir Kiryukhin, who dealt with government agencies at En + Group.
The company needs time to fulfill the ultimatum of the US Treasury (Barker's plan) to sever formal ties with the scandalous Russian oligarch Oleg Deripaska.
The businessman considered "state aid" bonded. Earlier Viktor Vekselberg received from the bank up to 1 billion dollars.
Special Attorney Robert Mueller managed to find evidence of a link between ex-head of Donald Trump's campaign headquarters, Paul Manafort and Oleg Deripaska. Billionaire financed the work of Manafort in Ukraine, giving him at least one loan for $ 10 million.
En + metallurgical company En + Oleg Deripaska is studying the possibility of changing the registration from the "crown" island of Jersey to the Russian one. Re-registration in Russia can be a condition for providing state support to the company that suffered from US sanctions.
Will the company be able to maintain business in spite of sanctions.
Rusal did not refuse to put into operation a large bauxite deposit in African Guinea "Dian-Dian". It will allow the company to supply Russian companies with bauxite, but there is a risk that there will be nowhere to sell the company's primary aluminum.
In the "Basic Element" the general director was replaced. Instead of Gulzhan Moldazhanova, the holding was headed by its deputy Valery Pechenkin, who before his arrival in the company was deputy director of the FSB.