Support The Moscow Times!
Contribute today

Sual Could Sell RusAl

By The Moscow Times

Sual could sell its 15.8 percent stake in RusAl, Vedomosti reported on Monday, citing two sources.

One of the sources said preliminary talks on the matter are underway, but a possible sale is a long way off. A Sual representative denied the story, while RusAl declined to comment.

According to a shareholders agreement, Oleg Deripaska's En+ has the right of first refusal for the stake, which the newspaper said is worth $3.97 billion. Deripaska formed RusAl in 2007 by combining his own company with Sual and Glencore's alumina assets.

(Reuters)

Read more

'very difficult day'

One Killed, Several Wounded in Shelling on Belgorod Evacuee Shelter – Governor

The alleged attack on the Belgorod region is the latest in a string of intensifying attacks in recent weeks.
2 Min read
group case

Russia Sentences 8 Mobilized Soldiers to Prison for Deserting in Ukraine

The soldiers, who complained of a lack of equipment and provisions, fled their field camp before they were scheduled to go to the front line.
2 Min read
split opinion

Russian Officials, Pro-Kremlin Figures Offer Mixed Response to Moscow Drone Attack

Some downplayed the attack while others sharply criticized the country’s defense capabilities.
3 Min read
'work to do'

Putin Says Ukrainian ‘Terrorist Activity’ Behind Moscow Drone Attack

“The Kyiv regime has chosen... the path of attempting to intimidate Russian citizens and striking residential buildings,” Putin said.
1 Min read