The United States Expressed Its Willingness To Lift The Sanctions Of RUSAL

- Jul 23, 2018-

1. US Treasury Secretary Steven Mnuchin said on Friday that the US Treasury is willing to remove Rusal from the US sanctions list and added that the goal is "Don't let Rusal go bankrupt." Mchin’s remarks are the latest sign that the Trump administration is trying to help sanction Russia. RUSAL has also taken a series of measures to try to appease the US government and lift sanctions. The sanctions have caused serious damage to the global aluminum market, prompting some countries and companies to lobby the US Treasury to relax the relevant provisions on RUSAL. In an interview with Reuters in Sao Paulo, Brazil, Mchin said, "The company has approached us on certain delisting issues. I will not elaborate on the specific content of these proposals and my position. However, if we can find an acceptable one, The solution is the goal we want to see, and our goal is not to let Rusal finally go bankrupt." He acknowledged that RUSAL is important to the global aluminum market.


2. France: Announced the cessation of trade negotiations with the United States under the US metal tariff policy. On July 23, French Finance Minister Bruno Le Maire said on Saturday that if the United States does not first lift tariffs on steel and aluminum, the EU will not consider negotiating with the United States to reach a free trade agreement. At the G20 Finance Ministers and Central Bank Governors Meeting (G20) in Buenos Aires, Le Maire told reporters that there is no disagreement between France and Germany on how and when to start trade negotiations with the United States. He claimed that both France and Germany believe that the Trump administration of the United States needs to take the first step of its change by eliminating tariffs.