US De Facto Controls Range Of Russian Industry Fields Due To Sanctions - Rosneft CEO

ST. PETERSBURG (UrduPoint News / Sputnik - 06th June, 2019) The US administration has de facto seized control over Russian aluminum giant Rusal and, subsequently, over a range of Russian industry areas, Rosneft CEO Igor Sechin said on Thursday at a panel discussion at St. Petersburg International Economic Forum (SPIEF).

"Suppressing competitors has become the leitmotiv of US economical and foreign policy ... The situation around Rusal is a bright example. Through several sanction iterations, the US administration has de facto received control over the company and, subsequently, Russian aluminum industry.

Given [that Rusal has a] big stake at Nornickel, [it has also seized control of] nickel, copper, platinum, palladium and other segments of the Russian industry that are related to extraction and production of non-ferrous and precious metals," Sechin said.

SPIEF opened on Thursday and will run through Saturday. Rossiya Segodnya International Information Agency is an official media partner of the forum.