Drudge Retort: The Other Side of the News
Friday, July 20, 2018

The U.S. Treasury is open to removing Russian aluminum producer Rusal from a U.S. sanctions list, Treasury Secretary Steven Mnuchin said on Friday, adding the objective was "not to put Rusal out of business." Mnuchin's comment was the latest indication the Trump administration was trying to aid sanctions-hit Rusal, which has taken a series of steps to try to appease the U.S. government and get the restrictions lifted. The U.S. Treasury in April imposed sanctions against billionaire Oleg Deripaska and the eight companies in which he is a large shareholder, including Rusal, in response to what it called "malign activities" by Russia.

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Allies get tariffs and enemies get sanctions lifted in traitorland.

#1 | Posted by bored at 2018-07-20 08:50 PM | Reply

I thought reading comprehension wasn't a problem for you, maybe I was mistaken:

The U.S. Treasury in April imposed sanctions against billionaire Oleg Deripaska and the eight companies in which he is a large shareholder, including Rusal, in response to what it called "malign activities" by Russia. But the sanctions caused havoc in the global aluminum market, prompting several countries and companies to successfully lobby Treasury for a softening of the terms on Rusal.

"The company has approached us on certain de-listing issues (from the Specially Designated Nationals List)," Mnuchin said in an interview with Reuters in São Paulo ahead of G20 finance meetings this weekend in Argentina.

"I'm not going to go into the exact specifics of what those proposals are and where we stand on them, but, yes, if we can find an acceptable solution, that is our objective," Mnuchin said.

Last month Rusal shareholders elected a new board of directors, dominated by independent directors and operational managers.

Deripaska and a team of his top managers stepped down from Rusal's board of directors in May and are currently working on several options to reduce his control over the company.

The sanctions are against Deripaska and companies he controls, Rusal has taken steps dictated by the US Treasury to be de-listed, including having Deripaska step down. Not a perfect solution, but since Rusal is a major producer of raw aluminum, this caused global disruption.

#2 | Posted by Rightocenter at 2018-07-20 09:16 PM | Reply

Canada is a major producer of raw aluminum. US industry has complained about the tariffs. Only traitors think Canada is a national security threat, but not Russia.

The US cabinet is chock full of traitors.

#3 | Posted by bored at 2018-07-21 01:41 AM | Reply | Newsworthy 2

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