Russian minister says Rusal nationalization not an option for now: Interfax

FAN Editor
FILE PHOTO: Aluminium ingots are seen stored at foundry shop of Rusal Krasnoyarsk aluminium smelter in Krasnoyarsk
FILE PHOTO: Aluminium ingots are seen stored at the foundry shop of the Rusal Krasnoyarsk aluminium smelter in Krasnoyarsk, Siberia, July 27, 2016. REUTERS/Ilya Naymushin//File Photo

April 20, 2018

MOSCOW (Reuters) – Russia is not considering the temporary nationalization of aluminum giant Rusal <0486.HK> for now, Finance Minister Anton Siluanov was quoted as saying by Interfax news agency on Friday.

Russian companies, including Rusal, that have been hit by U.S. sanctions have requested 100 billion rubles ($1.6 billion) in liquidity from the government, Interfax added.

According to another news agency, RIA, Rusal has requested government support with liquidity and with demand for aluminum.

(Reporting by Maria Tsvetkova; Writing by Polina Devitt; Editing by Mark Potter)

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