RUSAL’s stakes moderately raise in early Wednesday, fighting back the news about U.S. Treasury extending the deadlines of fulfilling the decisions on sanctions, as evidenced by the auction’s data, RIA News reports.
At 10:21 MST, RUSAL’s stakes increased in price by 0.6% up to 31.25 rubles; at the start of the day, the company’s securities increased by 1.9% up to 31.65 rubles.
U.S. Treasury Department extended the deadline, which was set for investors for termination of business or ownerships of the assets of Rusal, En+, Gaz, till June 6 instead of the planned deadline – May 7.
The permission for divestment of the assets of Kuban, Basic Element, B-Finance, SC EuroSibEnergo, Gazprom Drilling, Ladoga Management, NVP Engineering JSC, Renova Groups was also prolonged till June 5. All these companies were put under U.S. sanctions on Ukraine.
