RUSAL shares fell to a historic low

© RIA Novosti / Eugene to Novostinearly in fotobounce Management company RUSAL. Archival photoRUSAL shares fell to a historic low© RIA Novosti / Eugene to Novostinearly the image Bank

Shares of RUSAL continued to fall on the Hong Kong stock exchange on the background of the imposition of U.S. sanctions and lost after the opening of trading on Monday, more than 15% and started to move further down, sinking to historic lows, according to data exchange.

To 10.05 (5.05 GMT) the shares of the aluminum giant fell by 15.2% to 1,73 Hong Kong dollar per share.

To 11.19 (6.19 GMT) stocks depreciated by 19.12% — to 1.65 HK dollars per unit.

Still the lowest score was the price 2.09 dollar (June 12, 2016), 2,13 (17 January 2016) and 2.19 (17 November 2013).

USA 6 April imposed sanctions against several Russian businessmen and they control the structures, as well as a number of senior Russian officials and heads of companies. In particular, the sanctions list included billionaire Oleg Deripaska and RUSAL (which he owns 48,13% share).

Stock markets reacted negatively to the information. The day RUSAL shares fell on the stock exchange of Hong Kong stock exchange and Moscow by 40-50%. To date, the paper has been able to play the position, but not fully.

Adding to the list of block of assets in the United States and a ban on any business with these companies for American citizens, including any transactions with debt and equity instruments. The U.S. Treasury gave one month for the sale of shares and debt instruments of «RUSAL» — limitation on transactions comes into force on 7 may. American citizens are given two months to complete the existing contracts and the termination of cooperation with companies targeted by the sanctions.

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