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Rusal faces more turmoil if U.S. sanctions not lifted by late August: sources

Reuters  |  MOSCOW 

By Polina Devitt, Dmitry Zhdannikov and Pratima DesaiMOSCOW (Reuters) - Rusal's exports and finances will take another hit if Russian tycoon Oleg Deripaska is unable to persuade Washington to lift sanctions on the aluminium producer by late August, three industry sources said.The U.S. Treasury Department put Deripaska and Rusal, which he controls, on a sanctions blacklist in April, a move that froze the bulk of the company's exports, paralysed its supply chain and scared off many customers.Under the sanctions, U.S. customers have until Oct. 23 to wind down business with Rusal. As some orders ...

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First Published: Fri, June 08 2018. 22:34 IST