Article 601D6 Subsidiary of Russian company sues Rio Tinto for cutting it out of Queensland alumina operation

Subsidiary of Russian company sues Rio Tinto for cutting it out of Queensland alumina operation

by
Christopher Knaus
from World news | The Guardian on (#601D6)

Australia's sanctions on oligarch Oleg Deripaska led to Rio Tinto taking responsibility for Gladstone refinery from Rusal subsidiary

A subsidiary of Russian aluminium giant Rusal is suing Rio Tinto for freezing it out of a Queensland alumina operation due to Australian sanctions, saying it had deliberately ringfenced" its business to avoid any benefit from flowing to targeted oligarch Oleg Deripaska.

In March, the Australian government announced it would impose sanctions on Deripaska, a Russian metals magnate, due to Russia's invasion of Ukraine.

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