Rusal increased the revenue despite U.S. sanctions
Russian aluminum giant Rusal on April 11 warned of expected harm to its business from U.S. sanctions, sending its shares down more than 7% despite the company reporting a 20% jump in first-quarter core profit.
Washington last month announced sanctions on Russian billionaire Oleg Deripaska and several companies in which he is a large shareholder, including Rusal, En+ Group and GAZ Group, in response to what the United States said were Russia’s «malign activities».
Though ...