January 16, 2019, 14:59 / Business / Politics

Oreshkin did not see any problems for the Russian economy in the sanctions against UC Rusal

Minister of Economic Development Maxim Oreshkin said that he does not see any direct problems for the Russian economy from US sanctions against UC Rusal of businessman Oleg Deripaska. this The official said in an interview with Business FM radio station.

“Everything is fine with the production and export of aluminum, and everything is fine with the production of electricity in those enterprises that are part of the group,” the minister said. Oreshkin emphasized that the Russian government is looking at the situation from the point of view of the operation of company assets, jobs, investments and threats to national security.

At the same time, the sanctions leave a serious imprint on the company itself: there is a “very difficult” process of negotiations between its shareholders, as well as negotiations with the American authorities, he added. “ And the process is so ambiguous, we still have to give a deeper assessment and look at whether these actions are right or wrong,” the official emphasized.

The United States imposed sanctions against UC Rusal and other companies of Deripaska, as well as against himself in April 2018. The dates for their entry into force were repeatedly postponed, most recently until January 21, 2019. On December 19, the US Treasury announced its readiness to lift sanctions against En+ , UC Rusal and Eurosibenergo , if the businessman complies with the requirements of the American authorities. Within a month, he was obliged to reduce his stake in En+ (owns 48.1% of UC Rusal ) from 70 to 44.95%, and the Swiss trader Glencore was obliged to exchange his stake in UC Rusal (8.9%) for En+ shares.

Later, some American senators spoke out against lifting sanctions from the Russian businessman’s companies. On January 15, the US Senate voted to begin debate on a resolution to cancel the US administration’s decision, which provides for the lifting of restrictions on these companies. shares The price of UC Rusal at the opening of trading on the Moscow Exchange on January 16 fell by almost 5% on this news.

Photo gallery: Who is subject to new US sanctions View / 25 photos