October 5, 2018 / 3:22 PM / 10 days ago

Rusal's September aluminium exports fall 8.6 percent from August - TASS

MOSCOW, Oct 5 (Reuters) - Russian aluminium producer Rusal , under U.S. sanctions since April, reduced its aluminium exports by 8.6 percent in September compared to the previous month, TASS news agency said.

Rusal, the world’s largest aluminium producer outside China, saw its exports and supply chain crippled after Washington put the company and co-owner Oleg Deripaska on a blacklist, seeking to punish Russia for alleged meddling in U.S. elections.

U.S. customers must wind down business with the company by Nov. 12, according to the sanctions.

But aluminium shipments continue in the meantime and Rusal exported 264,400 tonnes last month, TASS said, citing data from Russian Railways, the state company that operates Russia’s vast railway network.

Between January and September, Rusal’s aluminium exports totalled 2.1 million tonnes, down 0.6 percent compared with the same period the previous year, TASS said, citing the data.

Rusal discloses its exports on a quarterly basis. It has also repeatedly contested the monthly data from Russian Railways claiming it does not take into account real sales and a range of other factors.

The data refers to deliveries of aluminium from Rusal’s plants by rail to port stations, a source close to Rusal said earlier, indicating that the figures do not explain whether the aluminium subsequently crossed the border or was stockpiled near it.

Last year, Rusal, in which Deripaska’s En+ is a controlling shareholder, sold 4 million tonnes of aluminium, of which 42 percent was shipped to Europe. (Reporting by Polina Devitt; editing by Dale Hudson and Louise Heavens)

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