Rusal Shares Up By 4.9% At Hong Kong Exchange As US Senators Fail To Ban Sanctions Lifting

BEIJING (UrduPoint News / Sputnik - 17th January, 2019) The shares of Russian aluminum giant Rusal went up by 4.9 percent at the opening of the Hong Kong Stock Exchange, the stock market data showed on Thursday in the wake of the US Senate's failure to advance a resolution to bar the administration of US President Donald Trump from lifting sanctions on the company and two other Russian firms.

Rusal's shares grew to 2.57 Hong Kong Dollars ($0.33) per share.

On Wednesday, the US lawmakers failed to secure the 60 votes needed to advance the measure, blocking the Treasury Department from lifting sanctions on En+, Rusal and Eurosibenergo.

The Treasury announced the plan in December, saying it would roll back sanctions on the three companies after they agreed to sweeping structural changes that will reduce the ownership of Russian businessman Oleg Deripaska and improve transparency. Deripaska himself will remain on the US sanctions list, and his assets will remain sanctioned, and other sanctions on Russia will remain in place, the Treasury has said.