On April 16, shares of the Russian aluminum company UC Rusal, which fell under US sanctions, fell to their historical low on the Hong Kong stock exchange.
Securities fell by more than 16% compared to Friday's close and fell to $0.21, RBC reports . During trading, the shares fell to their lowest value since the IPO in 2010.
The shares of the Russian company are getting cheaper amid US promises to announce new sanctions against Russia. Earlier, the US Treasury placed the company and its main owner Oleg Deripaska on the sanctions list. The company announced possible technical defaults.
Read the best texts of The New Times and breaking news Telegram in