Contents tagged with Deripaska
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Deripaska’s company stock price hits all-time low
The share price of Russian oligarch Oleg Deripaska’s company UC Rusal dropped to a historic low on the Hong Kong Stock Exchange due to the US’s promises to announce new anti-Russian sanctions.
On Monday, the company’s share price dropped almost 30% compared to the previous close. At 10:51 Moscow time, the unit price was 1.43 Hong Kong dollars (0.18 USD). Rusal’s previous all-time low was 2.09 Hong Kong dollars on June 12, 2016.The day before, the US Treasury Department announced new sanctions …
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Russian oligarch Deripaska expresses disappointment over sanctions imposed on him
Russian oligarch Oleg Deripaska, who was recently placed on the expanded U.S. Department of Treasury sanction list, called the decision “ungrounded”, the Interfax news agency reports.
“The events that happened yesterday were unpleasant but not unexpected,” Deripaska said. “The reasons for my inclusion on the sanction list are unjustified, ridiculous and downrightly absurd.”
The oligarch refused to provide lengthier comments on the situation, noting that currently he “was preparing to …
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Fortune of Russian oligarch Deripska shrinks by $2.5 billion after US puts him on sanctions list
On Friday, April 6, the U.S. Department of the Treasury imposed new sanctions against Russian businessmen, officials and managers of state companies. They involve the freezing of assets of those included in the sanctions list and also prohibiting American citizens and companies to engage in any economic activity with the blacklisted individuals. According to the U.S. Department of the Treasury, the sanctions were introduced in response to Moscow’s attempts at undermining western democracies. …