Norilsk spared US sanctions, but nonexec director cited

Apr 28, 2014 | 03:52 PM | Rey Mashayekhi

Tags  MMC Norilsk Nickel, nickel, David Wilson, Citigroup, nickel premiums, London Metal Exchange, LME, nickel prices Rey Mashayekhi

NEW YORK — MMC Norilsk Nickel dodged White House sanctions imposed April 28 on Russian businesses and individuals as a result of the ongoing conflict in Ukraine, although a nonexecutive director at the company has been cited.

Seven individuals and 17 companies were named in the sanctions, meant to penalize the Russian government for "its efforts to destabilize Ukraine," the Treasury Department said in a statement.

The individuals and entities named in the sanctions purportedly have close ties with Russian leadership, including President Vladimir Putin, and there has been conjecture in recent weeks that the U.S. government would also target Moscow-based Norilsk. In March, the White House named Russian government official and former Norilsk president Andrei Klishas in sanctions targeting "those responsible for the deteriorating situation in Ukraine" (amm.com, March 17).....





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