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 company controlled by the oligarch Glavstroy will sell two major projects in the Russian capital. The likely buyer will be the PIK Group Sergei Gordeev.
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.
Oleg Deripaska shares the agrarian business.
UC Rusal ceased to sponsor the Sochi stage of the Formula 1 race: the company clearly does not have enough money.
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 +.
Pavel Yezubov sold his stake in Ingosstrakh, sources say. Among the shareholders of Ingosstrakh is Oleg Deripaska (10%) and the structure of the Italian insurer Generali (38.45%), who was under the sanctions.
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 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".
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.