US eases sanctions on Rusal

The US Treasury Department eased sanctions on Russian aluminum producer Rusal and said it would consider lifting them altogether if the company severs ties with Oleg Deripaska, a Russian oligarch with close ties to President Vladimir Putin.Treasury Secretary Steven Mnuchin  said the department would consider a petition from Rusal to lift the sanctions, given the economic troubles the actions caused for U.S. allies. 

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wondering who was lucky insider

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Deripaska is alleged to have conducted a range of illegal activities, including money laundering, extortion and ordering the murder of a businessman, according to Treasury. He is also reportedly part of special counsel Robert Mueller's investigation into Russian meddling in the 2016 presidential election.

This is info from Treasury from before. So why the change? 

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more news I watch, stupider I am

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2 weeks of sanctions on Oleg Deripaska is clearly enough. I think he tanked 50 percent in HK

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and things looked good for US aluminum for couple weeks

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4 minutes ago, 李伟王芳 said:

2 weeks of sanctions on Oleg Deripaska is clearly enough. I think he tanked 50 percent in HK

Those sanctions done did their job.

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9 minutes ago, Nigerian Price said:

Deripaska is alleged to have conducted a range of illegal activities, including money laundering, extortion and ordering the murder of a businessman, according to Treasury. He is also reportedly part of special counsel Robert Mueller's investigation into Russian meddling in the 2016 presidential election.

This is info from Treasury from before. So why the change? 

I also wonder why would the treasury department ease sanctions against a russian money launderer, oligarch and spy?

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17 minutes ago, Hajga Loma DK said:

The US Treasury Department eased sanctions on Russian aluminum producer Rusal and said it would consider lifting them altogether if the company severs ties with Oleg Deripaska, a Russian oligarch with close ties to President Vladimir Putin.Treasury Secretary Steven Mnuchin  said the department would consider a petition from Rusal to lift the sanctions, given the economic troubles the actions caused for U.S. allies. 

Not going to happen. The real story here is that the Treasury Department extended the time frame during which companies could wind down their dealings with the faltering aluminum producer 

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softening Trump administration stance on sanctions imposed against Rusal just killed last week's breakout by Alcoa. Shares of Alcoa slumped 13.5% to 51.91 on the stock market yesterday, while Century Aluminum fell 5.3%.

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A cynic might think Trump is trying to settle Manafort's debt with Oleg Deripaska 

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but this makes it impossible for traders! Alcoa, which we were tracking in a different thread, lost 14% yesterday and is still losing today. That's a massive one-day loss not seen in almost a decade. 

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Trump wants to help US aluminum, which these sanctions would have helped alone. But naw, let's slap tariffs on our allies instead of looking like we have a spine when it comes to Russia. Brilliant!

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