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.
Thus, the scandalous businessman plans to withdraw his business from under US sanctions.
The largest shareholder of Norilsk Nickel explained that if he had combined the packages with other co-owners, they would have saved: the tax on dividends is not paid when holding more than 50%. But the partners refused.
UC Rusal accused Vladimir Potanin of collusion with Roman Abramovich when agreeing on the terms of the purchase of 4% of Norilsk Nickel, and an additional incentive was a deal on the Baim deposit. Potanin denies all this.
The oligarch continues to buy shares of Norilsk Nickel: its share increased by 1.5% to 34%. He told about this in the High Court of London.
Vladimir Potanin told the High Court of London the whole truth about his proposal to Oleg Deripaska on his shares of Norilsk Nickel.
The CNN television channel named En + Oleg Deripaska as lobbyist for the US the company of ex-assistant Donald Trump Brian Lanz.
According to Reuters, the oligarch refused three business jets Gulfstream, which were leased.
The shipments of the company for export fell by 70% in April, but the plants of Oleg Deripaska and Viktor Vekselberg operate in the same mode.
The plan to lift sanctions with Rusal revealed a "family" obstacle: in addition to 68.5% of the shares of En +, owned personally by Oleg Deripaska, 11% belong to his relatives.
Ex-officials of the US Treasury advised Deripaska not to wait for the speedy lifting of sanctions.
To help survive difficult times, the oligarch, who has fallen under US sanctions, will have to pay to the Russian budget and Russian taxpayers.
The US authorities extended for a month the period of sale of assets of companies that fell under the sanctions on April 6, 2018: En +, GAZ and UC Rusal. Investors should get rid of them before June 6. Earlier, the Ministry of Finance demanded that it be done before May 7.
Surgutneftegas OJSC, Russia’s fourth-largest oil producer, is consolidating its position as the country’s richest company by amassing $44 billion in cash and bank deposits even as risks of further U.S. sanctions mount.
If mass cuts will begin at the plants in the Irkutsk region.
The US Treasury does not guarantee the lifting of sanctions after the change in ownership structure in US Rusal.
Scandalous businessman may refuse to control "Rusal".
The company counts on the fact that Oleg Deripaska will remain the controlling shareholder, and the US sanctions will "dissolve" by themselves.
At the same time, the team of the oligarch advisors did not prepare for sanctions against UC Rusal, because it expected that the US would not want to violate the balance of the aluminum market.
"Rusal" will be able to return to the world market, but only without Oleg Deripaska.
The companies extended the permission for interaction with the US until October 23.
The demand of the company Oleg Deripaska and Viktor Vekselberg explained by US sanctions.
This can save production, but not the company itself, experts say.
"Syndrome Rusal" provoked the strongest in 10 years jump in prices for nickel and aluminum.
The head of the Russian Union of Industrialists and Entrepreneurs, Alexander Shokhin, called it possible to use a scheme in which the state will buy out part of the shares of UC Rusal or other companies that are subject to sanctions.
Reuters learned about the refusal of Japanese companies to buy aluminum from Rusal.
Oleg Deripaska paid 560 thousand dollars for the American visa, but eventually was deprived of it, as "connected with organized crime", writes the Wall Street Journal.
Oleg Deripaska's company due to US sanctions will not participate in the "Russian Roulette" with Vladimir Potanin for the shares of Norilsk Nickel. Now this will not correspond to the interests of shareholders, the board of directors of the aluminum company decided.
Before the announcement of the collection of donations among state employees and pensioners in favor of the victim of US imperialism, the oligarch remains very little.