The government may provide financial assistance to RUSAL

MOSCOW, April 11. /TASS/. The state has no plans to enter into capital of RUSAL, but will support the company in the form of short-term liquidity or other measures that are currently under development. This was reported to journalists by the Minister of Finance of the Russian Federation Anton Siluanov.

“The entry of state in the capital “Rusala” not expected”, – said the Minister, adding that also has not yet considered the option of buying aluminum in state reserves.

“While we do not plan to purchase in the state of aluminium or any other metal except gold,” he said.

At the same time, the President stressed the need to hold firm, because it is one of the largest employers. “”RUSAL” now there are certain limitations, but we must first take care of stable work of enterprises, owned by RUSAL, where labor collectives, there are about 170 thousand workers, and the government should bear that in mind. Therefore, we interact with the companies that came under sanctions, of course, will support them, whether short-term liquidity, or other support measures that are currently being worked on,” said the Minister.

Earlier it was reported that the US government on April 6 announced the introduction of sanctions against several Russian officials, businessmen and companies. Among others in the sanctions list were included RUSAL and its owner Oleg Deripaska.

9 APR RUSAL reported a possible technical default on some types of debt obligations after the imposition of sanctions by the US.