hp for ($i=0; $i]+>!is", "", $news['Contains'][$i]['Body']); ?>

Asia Ali market mulls impact of US' sanctions on Rusal; responses mixed

Asia Ali market mulls impact of US' sanctions on Rusal; responses mixed

Asia Ali market mulls impact of US' sanctions on Rusal; responses mixed

Shares in the Russian aluminium giant Rusal almost halved on the Hong Kong stock exchange yesterday.

The measures affect the seven oligarchs, 12 companies they own or control, as well as 17 senior Russian government officials.

En+, Oleg Deripaska's energy business which listed in London in November, plunged 42 per cent, compounding losses suffered on Friday.

"This is an outrageous business from the point of view of illegality, from the point of view of flouting all the norms, and of course careful analysis is needed here", Putin's spokesman Dmitry Peskov told journalists.

Shares in EN+ had already fallen 22 per cent on Friday after Washington imposed sanctions against Mr Deripaska and his businesses in a targeted move against the oligarch for "advancing Russia's malign activities". The main shareholder is Oleg Deripaska, who contributed to the new "black list" of the U.S. Treasury.

"Rusal will probably have to be bailed out by Russian state banks", wrote analysts at TS Lombard. It was mentioned that the US sanctions are highly likely to will have a negative impact on the business of the company and its development. The Russian ruble dropped 3% against the USA dollar and the euro.

Mkhitaryan Reveals The Difference Between Arsenal Now And Manchester United Last Season
Everyone knows that the Berezutski brothers are more than 35-years-old, very experienced and can help them be compact in defence. Despite the absence of the cup-tied Pierre-Emerick Aubameyang, Arsenal still have plenty of firepower at their disposal.

Dana White Will Never Book Ferguson vs Khabib Again
Ferguson is out of the equation and loses his interim lightweight belt, a crushing blow for a man riding a 10-fight win streak. The UFC has tried to pair Ferguson and Nurmagomedov on four occasions, all of which have fallen through for various reasons.

Moe Wagner and MI end Loyola's Cinderella run in NCAA Tournament
Down 10 with 14 minutes to go, John Beilein scooped his jawline and paced the sidelines with his head down, overlooking his bench. It was enough to put Cinderella - or whoever they are, if you're Beilein - to bed and secure a spot in the championship.

In a sea of red for Russian stocks Evraz, the FTSE 100 mining group part-owned by Roman Abramovich, fell 14 per cent and Polymetal, the FTSE 250 miner, closed down 18 per cent.

The sanctions also hit Norilsk Nickel, whose shares were down 16 percent. He said the new U.S. sanctions were unacceptable and illegitimate, and that the government would come up with plans to support the companies affected.

As Russia's currency and capital markets dipped on delayed response to Friday's USA sanctions against a handful of Kremlin-friendly billionaires, one vital metal used across the globe in aircraft manufacturing and the auto industries is soaring today.

"US investors have to sell their interests in Rusal and En+ among others by 7 May".

The sanctions, the latest United States effort to punish Moscow for "malign activity around the globe", also affect 17 senior Russian government officials.

Russian Federation has described the move as "absurd" and said it would not go unanswered.

Related news