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.
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 +.
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.
For the first 6 months of 2018, Norilsk Nickel earned 1.65 billion dollars in net profit.
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 Karelian enterprise of Rusal Corporation began to conserve capacities.
Revenues in the second quarter of 2018 decreased by almost 18% compared to the first quarter of this year. The volumes of metal sold also fell.
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".
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.
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 verbal intervention of the US department led to an increase in quotes of the aluminum company by 16%.
The Russian government is puzzling how to save Rusal by Oleg Deripaska at the expense of the state budget. The package of developed measures to increase the consumption of aluminum inside the Russian Federation until 2024 in the most approximate outline drags on 140 billion rubles.