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What is Rusal Brands and US Sanctions Update about?

This notice from the London Metal Exchange (LME) provides an update on US sanctions imposed against United Company Rusal (Rusal), a major Russian aluminum producer, and announces a temporary conditional suspension on placing Rusal metal brands on LME warrants. Specifically: 1. The LME acknowledges concerns about how to settle contracts involving sanctioned parties like Rusal and will work with members to address solutions. 2. Beginning April 17th, Rusal metal can only be warranted if owners demonstrate t

Author

Vin od

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EN