Commenting on the situation with the indictment in absentia of Russian businessman Oleg Deripaska and the arrest of two Ukrainian high-ranking figures, the press service of the Rusal company said that the Glukhovsky quartzite quarry, like the Nikolaevsky alumina refinery, has become a victim of the geopolitical situation. managers. Rusal added that the company regrets the decision of the Ukrainian authorities and considers the seizure to be illegal.
“Following the agreement with OFAC, Rusal and En+ carried out the necessary restructuring of the companies and reorganization of corporate governance. Oleg Deripaska gave up control of the company, and a board of independent participants was elected as the management body. “Rusal’s release from sanctions helped protect the aluminum industry from fluctuations and restore price stability to the world market,” he said.
Rusal also noted that the company is currently operating under unfavorable market conditions and constant pressure from unfriendly countries.
“Following the loss of control over the NGZ and the interruption of alumina supplies from Australia and Ireland, a particularly difficult situation is developing around the company’s raw material base. “However, the company continues to fulfill all its obligations to consumers and partners, while also developing its presence in new markets (Southeast Asia, India, Latin America).”
This process is accompanied by an increase in logistics costs as well as the payment of import taxes in countries such as China and India. The situation is complicated by the extremely high cost of debt funds.
Previously reportedHe said that the Security Service of Ukraine filed charges in absentia against Russian businessman Oleg Deripaska. Additionally, the SBU detained Ukrainian top managers of entrepreneurial companies that allegedly supplied raw materials to Russia for the production of Iskander missile systems.