What Happened: Shares of Russian aluminum producer Rusal rose to a three-month high after U.S. Treasury Secretary Steven Mnuchin said it was possible that the United States could lift sanctions on the company, Reuters reported July 22.
Why It Matters: The sanctions against Rusal were some of the most impactful levied against Russian oligarchs in April and may have been discussed at the summit in Helsinki between Russian President Vladimir Putin and U.S. President Donald Trump.
Background: Since the United States targeted Rusal with sanctions in early April, sanctioned oligarch Oleg Deripaska reduced his stake and position in the company in an attempt to appease U.S. lawmakers.
- U.S., Russia: What to Make of the Trump-Putin Summit in Helsinki (July 16, 2018)
- A Defiant Russia Builds Barriers to U.S. Sanctions (May 29, 2018)
- With CAATSA, the U.S. is Trying to Make Russia Hurt (May 28, 2018)