In Aprilthe U. Treasury imposed sanctions on Russian oligarch Oleg Deripaska, Rusal and other companies in which he owns stakes, citing "malign activities" by Russia. It lifted the sanctions on the companies in January while keeping Gay Construction Company himself under Russian Aluminium Company.

Rusal will build the mill in Ashland, Kentucky with U. Rusal will hold 40 percent of the joint venture and Braidy Industries 60 percent. A letter of intent detailing the commercial conditions will be signed during the second quarter ofafter which both partners will approach financial markets for funding. The press release did not say how much the project would cost.

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RUSAL

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Kentucky Aluminum Plant Investor Is Russian Company ...

Apr 15, 2019 · Russian aluminum company Rusal announced Monday it plans to invest in a new Kentucky aluminum mill to be built near Ashland in eastern Kentucky. The $200 million investment in Braidy Industries is Rusal’s first U.S. project since the Trump administration lifted U.S. sanctions placed against the company.…