The export-oriented company has lost the opportunity to supply its metal to the foreign market. Oleg Deripaska asks the government to begin buying aluminum in state reserves.
VTB took shares of the En + Group group on the pledge of the Chinese CEFC.
The businessman Oleg Deripaska, who has fallen under American sanctions, leaves the board of directors of UC Rusal from May 25.
The bank will issue a loan to the GAZ Group and will consider the allocation of money to the "toxic" Rusal.
Billionaire Oleg Deripaska may cease to be the main beneficiary not only of EN +, but also of the GAZ Group. It was such a version of the company's exit from US sanctions that the US authorities proposed the day before.
The whole blame is American sanctions: the head of VTB said that he would not give his companies new loans "until the sanctions have been lifted."
The US can withdraw from the businessman sanctions if he refuses control in the GAZ group.
The UK intends to close loopholes in its own legislation to prevent Russia from using the country's financial system to launder corrupt revenues.
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 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.
In case of refusal to provide the requested information, the US senators threatened to arrange an investigation against financial organizations.
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.