By Eric Onstad and Polina Devitt
LONDON/MOSCOW (Reuters) – Russia’s Rusal may be forced to divest most of its portfolio of overseas operations if the aluminium giant cannot restructure them to evade U.S. sanctions and ensure a flow of raw materials.
U.S. sanctions imposed against key allies of Russian President Putin have already started to cripple United Company Rusal’s extensive string of international operations from Sweden to Guinea to Australia.
Rusal, the world’s second biggest aluminium producer behind China Hongqiao Group Ltd, is heavily dependent on its international network of mines and refineries. These last year accounted for 53 percent of its output of raw material ore bauxite …
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