Russian Federation sanctions: Shares in Deripaska-controlled firms crash

Aluminium giant Rusal share price halved after US sanctions

Shares in Russian aluminium giant Rusal collapsed on Monday after Washington targeted it with sanctions, putting the metals major at risk of defaulting on part of its debt. "The Department is also in close and regular contact with its enterprise agencies, IDA Ireland and Enterprise Ireland, who are monitoring this evolving situation", she said.

The huge site on the Shannon estuary is the biggest of its kind in Europe and is responsible for approximately 30pc of alumina produced in the EU. The websites of Rusal and sister company En+ were down on Tuesday evening for unknown reasons, although they'd worked earlier in the day.

Investors wiped off half the value of Hong Kong-listed aluminium producer Rusal and nearly a third from London-listed holding company EN+ on Monday in reaction to the sanctions.

Royal baby alert: Major moves at Kate's hospital
The Duchess of Cambridge is due this month, though the exact date has never been released by Kensington Palace . William and Kate will want to inform the Queen and their families before sharing their news with the world.

As Bloomberg points out, the move also raises questions for Glencore and its billionaire chief Ivan Glasenberg, the commodity giant who is one of Rusal's top shareholders, owning an 8.75 percent stake and also the biggest buyer of its metal, having bought $2.4 billion of metal from it a year ago.

The US Treasury said the sanctions were linked to Russia's actions in Crimea, Syria and Ukraine and its interference in western democracies.

After their resignation, the Rusal board of directors comprises two executive directors, seven non-executive directors and five independent non-executive directors.

Operation Guardian is underway with 225 Guardsmen deployed to the border
New Mexico's governor has said her state would take part in the operation, but no announcement has been made on deployment. The New Mexico Guard members could help with air support, surveillance and infrastructure repairs, Hull said.

The LME introduced a temporary suspension on placing Rusal metal on warrant with effect from April 17 unless the owner demonstrates it won't breach sanctions, the bourse said.

The metal advanced 3% on Wednesday to $2,266.50 a tonne by 11am on the London Metal Exchange (LME).

The sanctions freeze any assets that those targeted have in U.S. jurisdictions and bar Americans from doing business with them.

TDP MPs protesting for special status outside PM Modi's residence detained
The march was conducted after a meeting at Rajya Sabha MP and former Union minister YS Chowdary's residence in the morning. The central government, however, blamed the Andhra Pradesh government for the delay on a special package to the state.

The list of companies includes several of those related to Deripaska: Agroholding Kuban, Evrosibenergo, Rusal, Russian Machines and GAZ Group, investment company B-Finance, holdings Basic Element and En+.

Related news:

Hot News

isis-killer-beheading-video-story-top Bayer bid to buy Monsanto wins US DoJ approval
Apr 11, 2018 - 17:05
The company's shares were given away at $122 per share worth to an income of some $527,040 on account of Courduroux Pierre . Several analysts have released their opinion on Monsanto Company (NYSE:MON), with 3 analysts believing it is a strong buy.

isis-killer-beheading-video-story-top German carmaker Volkswagen mulls senior management reshuffle
Apr 11, 2018 - 17:02
The company said in its statement on Tuesday that it was considering changes to its complicated management structure. Both Bloomberg and "Handelsblatt" are reporting that current VW brand chief Herbert Diess is to replace Mueller.

isis-killer-beheading-video-story-top Goldman Sachs: Tesla Inc (TSLA) Is Still A Sell In Our Eyes
Apr 11, 2018 - 17:00
In other Tesla news, VP Eric Branderiz sold 801 shares of the firm's stock in a transaction dated Wednesday, January 24th. Baird on Monday, October 2. (NASDAQ: TSLA ) with "Buy" rating. (NASDAQ:WBA) on Wednesday, March 28 with "Buy" rating.

isis-killer-beheading-video-story-top Bus hits overpass on Long Island
Apr 11, 2018 - 16:58
The investigation into the wreck is ongoing. "It's a high-impact strike", Candelaria said. Passengers were also seen covered in blankets as they waited outside.

isis-killer-beheading-video-story-top Trump, May, Obamas not on guest list for royal wedding
Apr 11, 2018 - 16:57
The British government source said there had been no expectation from May's office that the prime minister would be invited. The 600 people who were fortunate enough to receive an invite are likely to include Harry and Meghan's close friends.

isis-killer-beheading-video-story-top Roma dreaming of Kiev after magical recovery against Barcelona
Apr 11, 2018 - 16:56
French sports daily L'Equipe labeled it a "Romantada" - a play on the Spanish word "remuntada", which translates as comeback. Roma has received preliminary approval to build a long-delayed new stadium with a design inspired by the Colosseum.

isis-killer-beheading-video-story-top Moses In Action As West Ham's Chicharito Punishes Chelsea
Apr 10, 2018 - 20:29
But today, we must win this game. "We have had good performances all season but you have to score". Otherwise, if you score only once, you stay in the balance - especially in England.

isis-killer-beheading-video-story-top Apple says all its facilities now powered by 100% renewable energy
Apr 10, 2018 - 20:26
The push toward renewable energy has included some creative solutions, including 300 solar rooftops in Japan and 800 in Singapore. That's not all because there are 15 more projects coming that will in total give Apple 1.4 gigawatts of green energy production.

isis-killer-beheading-video-story-top Weightlifter Laurel Hubbard's career ended by injury at Commonwealth Games
Apr 10, 2018 - 20:26
Hubbard said it was likely she'd ruptured a ligament and sustained "some fairly significant tissue damage ". While Hubbard's afternoon did not go to script, history was still made and discussions will continue.

isis-killer-beheading-video-story-top Angels rookie two-way player takes ideal game into seventh
Apr 10, 2018 - 20:25
Ohtani won his big league pitching debut at Oakland one week ago, giving up three runs in six innings with six strikeouts. This is due to the fact that Ohtani has a risky splitter ball in his arsenal, a pitch he used to retire four batters.

isis-killer-beheading-video-story-top Cosby Paid Accuser Nearly $3.4M, Prosecutor Says
Apr 10, 2018 - 20:25
The Montgomery County District Attorney's Office identified the suspect as Nicolle Rochelle , 39, of Little Falls, New Jersey. Rochelle had been corresponding with Lili Bernard, who is one of Cosby's more than 60 sexual assault accusers.

isis-killer-beheading-video-story-top Vettel takes Bahrain Grand Prix as Raikkonen runs over mechanic
Apr 10, 2018 - 20:18
We had a hydraulic leak in (the last) Melbourne race and were fortunate to finish the race", a Mercedes spokesman said . With Bottas and Hamilton setting a competitive pace on the harder tyres, Vettel was forced to convert to a one-stop.

isis-killer-beheading-video-story-top Liverpool custodian Loris Karius opens up on incredible save against Everton
Apr 09, 2018 - 01:28
The Everton winger cut inside on his right foot and hit a curling shot from just outside the Liverpool penalty area. It's clear, everyone spoke about it all week that Everton didn't win for I don't know how long...

isis-killer-beheading-video-story-top Korea seeks summit with Trump in Pyongyang
Apr 09, 2018 - 01:27
USA officials are apparently shooting for late May or possibly June. "If there were such talks, we think it's a positive move". Trump agreed to meet with Kim after a South Korean envoy extended Kim's invitation to the president last month.

isis-killer-beheading-video-story-top WWE WrestleMania 34: The Results & Highlights You Need to Know
Apr 09, 2018 - 01:26
Which seems like a real possibility after WWE has been pushing John Cena to call out 'Taker every week, for about a month. India's Jinder Mahal will be seen in action in a fatal four-way match, involving Randy Orton , Bobby Roode and Rusev .