Rusal remains hobbled by U.S. sanctions [Business News Network (BNN) Energy & Resources (Canada)]
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: Business News Network
Rusal remains hobbled by U.S. sanctions It’s been a month since the U.S. softened the impact of sanctions on United Co. Rusal, and the Russian aluminum giant is still facing deep problems. The company hasn’t fully resumed aluminum shipments and is unable to pay full salary to some workers outside of Russia. Difficulties with logistics and settlements have almost stopped supplies of value-added aluminum products, according to two people familiar with the situation. While European plants have avoided disruption, in Jamaica, some employees received as little as half their normal pay. “We’re hoping Mr. Trump and Mr. Putin can sit down and find some common ground on this issue,” said Vincent Morrison, president of a union representing clerical and supervisory workers at Rusal’s Windalco smelter. “Here in Jamaica, we’re caught in the middle.” Despite Treasury Secretary Steven Mnuchin’s assurances that the U.S. isn’t trying to put Rusal out of business, there is still strife across the alumi
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