situation report

Jul 23, 2018 | 15:22 GMT

1 min read

Russia: Rusal Shares Rises Amid Report of Possible Sanctions Removal

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.

Read More: 

Article Search

Copyright © Stratfor Enterprises, LLC. All rights reserved.

Stratfor Worldview

OUR COMMITMENT

To empower members to confidently understand and navigate a continuously changing and complex global environment.

GET THE MOBILE APPGoogle Play