Asian aluminium market participants see limited impact from lifting of Rusal sanctions

The lifting of sanctions against Russian aluminium producer UC Rusal over the past weekend has had limited impact on Asian markets so far, market participants told Fastmarkets on Monday January 28.

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced late on January 27 that it has removed sanctions against Rusal and En+, following an earlier notification submitted to US Congress on December 19, 2018. Sanctions were first imposed against both Rusal and En+ on April 6, 2018, along with ESE, a wholly owned subsidiary of En+. Rusal is the world’s largest aluminium company outside of China and when sanctions were first imposed last year...

Published

Hui Li

January 28, 2019

08:05 GMT

Shanghai