Report
Kirill Chuyko ...
  • Maria Radchenko
EUR 121.96 For Business Accounts Only

BCS GM Suspension of Coverage: UC Rusal – Hit by US sanctions

We are suspending coverage of UC Rusal, in light of the breaking news that the company was included in the US OFAC sanction list together with major shareholder En+ and Oleg Deripaska and related entities.

For now, we advise that our previous recommendations and financial forecasts no longer be relied upon in making investment decisions.

Maria Radchenko, Executive Director, Deputy Head Fixed Income Research, [email protected]
Kirill Chuyko, Managing Director, Head of Research, [email protected]

For more details, please contact:
Oleg Achkasov ([email protected] / [email protected] / +7 495 785 5336)
Luis Saenz ([email protected] / [email protected] / + 44 207 065 2023)
Underlying
UNITED CO. RUSAL

United Company Rusal is a producer of aluminium and alloys. Co.'s production chain include bauxite and nepheline ore mines, alumina refineries, aluminium smelters and casting houses, foil mills and packaging production centres. Co. operates in four reportable segments: Aluminium, which is involved in the production and sale of primary aluminium; Alumina, which involved in the mining and refining of bauxite into alumina and the sale of alumina; Energy, which include the mining and sale of coal and the generation and transmission of electricity; Mining and Metals, which includes the equity investment in Co.'s joint venture, PJSC MMC Norilsk Nickel.

Provider
BCS Global Markets
BCS Global Markets

BCS Global Markets is Global Markets and Investment Banking division of BCS Financial Group which was launched to build institutional business on its existing strengths in the Russian markets and, since June 2012, offers prime services and global markets business lines to institutional clients in Russia and internationally.

Analysts
Kirill Chuyko

Maria Radchenko

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