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Shares in Russian aluminium producer United Company Rusal slipped 0.7 percent

U.S. Treasury extended the deadline for divesting from the sanctioned company.


Reuters Last Updated at 01 Aug 2018, 12:08 IST Russian Federation

Shares in Russian aluminium producer United Company Rusal slipped 0.7 percent in early trading on the Moscow exchange on Wednesday after the U.S. Treasury extended the deadline for divesting from the sanctioned company.

The U.S. Treasury in April imposed sanctions against billionaire Oleg Deripaska and eight companies in which he is a large shareholder, including Rusal, in response to what it termed "malign activities" by Russia.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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