Rusal Seeks Government Aid in Response to Sanctions Impacting Metal Exports

Rusal has reached out to the Russian government for emergency assistance following the imposition of US and UK sanctions that halt the import of Russian aluminum and other metals. The sanctions have created significant operational and financial challenges for the company.

In a bid to mitigate these challenges, Rusal has proposed that the government purchase up to half of its 2023 export volumes at prices set before the sanctions were enforced. Additionally, the company is seeking relief from export duties that currently apply to non-ferrous metal enterprises.

Rusal has also highlighted to the government the potential risk of its output dropping by 25% from its present levels due to these new trade barriers.