UC Rusal (Rusal) is a Russian and international company, one of the world leaders in the production of primary aluminum (7% of world production). The company "Rusal" was established in 2000 with the merger of assets of "Siberian Aluminum" Oleg Deripaska and Mikhail Cherny with aluminum assets of Roman Abramovich. In 2001, Chernoy sold his stake in the aluminum business to Deripaska. Abramovich sold 25% of Rusal to Deripaska for 1.578 billion dollars in September 2003, and in the fall of 2004 the remaining 25% was sold.
United Company RUSAL (UC Rusal) was established in 2007 as a result of the merger of RusAl with SUAL Viktor Vekselberg and alumina assets Glencore. Shareholders (company data as of March 31, 2016): En + Group Limited under the control of Oleg Deripaska (48.13%), Onexim Holdings Limited under the control of Mikhail Prokhorov (17.02%), SUAL Partners Limited under control Victor Vekselberg and Leonard Blavatnik (15.8%), a subsidiary of Glencore International Plc - Amokenga Holdings Limited (8.75%), management (0.25%), the rest in free circulation (10.05%).
In August 2017, the share of SUAL Partners Limited increased to 22.08%, while the share of Onexim Group decreased to 6.7%. Financial indicators (IFRS, 2015) were: revenue - 8.7 billion dollars, net profit - 558 million dollars. The company's revenue in 2016 under IFRS amounted to 7.983 billion dollars, net profit - 1.179 billion dollars. The company's debt at the end of 2016 amounted to 10.9 billion dollars. Production of primary aluminum in 2015 amounted to 3.65 million tons, in 2016 - 3.685 million tons. The company's revenue in 2017 amounted to 9.97 billion dollars, net profit - 1.077 billion. The company employs 60,000 people (2017). Official site.
According to media reports, the “thunderstorm of the oligarchs”, Deputy Prime Minister Andrei Belousov received a salary in the “Basic Element” of the aluminum baron.
In addition to the owner of Rusal, former managers of Eurofinance Mosnarbank may also remain without passports.
Why is Oleg Deripaska suing the three largest English-language publications?
The billionaire partner in UC Rusal Victor Vekselberg still intends to visit the forum.
Anastasia Vashukevich and Alexander Kirillov pleaded guilty to illegal sex training and received a suspended sentence. The verdict of the court coincided with the decision in the US of the problem of Oleg Deripaska, who previously used the services of Nastya Rybka.
Sanctions and falling ruble are not the first year because of these factors the Russian Forbes list members are getting poorer.
The government will purchase 50 billion tons of primary aluminum from Rusal to the Rosrezerv for 10 billion rubles. Oleg Deripaska had previously offered to purchase up to 1 million tons of metal at public expense.
The Dutch bank transferred the settlement of loans from Rusal from dollars to euros. Total Oleg Deripaska’s company owes the Dutch more than $ 2 billion.
Officials and businessmen will ignore the forum if the organizers refuse to invite Deripaska, Vekselberg and Kostin.
This was a tactical victory for the hired oligarchs in the US lobbyists. Until January 2019, Washington allowed to cooperate with the toxic Rusal.
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.
The head of BP, Bob Dudley, said that restrictions on Rosneft (at BP 19.75%), Gazprom and LUKOIL, similar to sanctions against UC Rusal Oleg Deripaska, will not be imposed. Otherwise, the power system of Europe is waiting for the collapse, he warned.
Consumers buy metal in store for fear of the start of sanctions against the company.
Oleg Deripaska’s assets, including his luxury real estate, have been frozen in the United States.
The US Treasury extended the deadline for allowing US companies to work with the toxic Russian aluminum oligarch until November 12 of this year.
The "Armenal" rolling mill went into idle mode: its products are not sold.
The London court forbade Vladimir Potanin to increase the package without Oleg Deripaska.
The US Treasury has given permission to enter into new contracts with Rusal and the GAZ Group, but only to their old counterparts.
The British court said why in a dispute between the shareholders of MMC Norilsk Nickel, he ruled in favor of Oleg Deripaska. An important factor was the strange refusal of Abramovich and Abramov to give testimony in favor of Potanin, whom they wanted to sell shares of MMC.
UC Rusal may begin to reduce production of aluminum in September, which will affect the work of Siberian plants.
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 contracts of the Russian aluminum company for next year are in question.
The New York Times described how the Russian oligarch rejected the FBI proposal for cooperation.
They made an economically meaningless transaction with shares of UC Rusal and Polyus Gold.
UC Rusal ceased to sponsor the Sochi stage of the Formula 1 race: the company clearly does not have enough money.
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 +.