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Thread: Russian oligarch's company to invest millions in new aluminum plant

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    Russian oligarch's company to invest millions in new aluminum plant

    Rusal, the aluminum company partially owned by Russian oligarch Oleg Deripaska, announced plans to invest around $200 million to build a new aluminum plant in Kentucky just months after the Trump administration removed it from the U.S. sanctions list.

    The new aluminum plant, slated to be built in the home state of Senate Majority Leader Mitch McConnell, will be the biggest new aluminum plant constructed in the U.S. in decades. Rusal will have a 40 percent stake in the facility.

    "Rusal, one of the leading global aluminium producers, and Braidy Industries Inc., a U.S. base holding company which owns both Veloxint, an MIT-incubated lightweighting solutions company, and NanoAl, a Northwestern University incubated materials research and technology company, announce an intent to establish a joint project in Ashland, Kentucky, USA to produce flat-rolled aluminium products for the U.S. automotive industry," according to a company press release.

    The U.S. removed Rusal from its sanctions list in January, after the Treasury Department struck an agreement with the company that saw Deripaska, a close ally of Russian President Vladimir Putin, reduce his stake in the company to below 50 percent and lower his voting rights to below 35. The agreement requires the companies to report any contact between Deripaska and company affiliates, including members of the board.

    McConnell was among the advocates for lifting sanctions on Rusal, arguing that the deal with Treasury would maintain pressure on Deripaska personally without disrupting global aluminum supplies.

    Still, analysts have expressed concern that Deripaska, who was sanctioned in April 2018 for attempting to meddle in the U.S. elections, may still wield influence over his companies from behind the scenes.

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    “There he goes. One of God's own prototypes.
    A high-powered mutant of some kind, never even considered for mass production.
    Too weird to live, and too rare to die.”


    Twitter: @HKTheResistance

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    Professor Pigworth (08-16-19)

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    So, Moscow Mitch is at it again. Great. That's just swell what he gets up to. And he's also done a really effective job of blocking every single election-security bill under the sun.

    Between him and Donald, I think they'll help to MRGA, which-- as their supporters should know by now-- stands for Make Russia Great Again.







    Remember: Generalissimo Donald is watching you. By the way, that's a real nice country you've got there. Be a shame if anything happened to it.


    Tя☭mp, when he thinks back on all the suckers he scammed throughout his life who either did business with him or who voted for him.

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    It’s no coincidence that they block elections security bills, remove sanctions from auspicious Russians who took part in tampering with our elections and no, it’s not just just Kentucky, they are moving Russian businesses into the United States! And these are the same people who proclaimed that there are Muslim training camps in Montana.....
    “There he goes. One of God's own prototypes.
    A high-powered mutant of some kind, never even considered for mass production.
    Too weird to live, and too rare to die.”


    Twitter: @HKTheResistance

    HipKat, on *** other h***, is genuine, unapoli***tically nasty, and w**** his hea** on his ******. jc856
    I’ll just forward them to Bridgett. comssvet11
    Seek help. soflabillsfan

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