Russia metal giants eye merger to soften blow of sanctions


The logo of Russia’s metals and mining company Nornickel during the Saint Petersburg International Economic Forum last June. - AFP pic July 5, 2022.

THE head of Russian mining giant Nornickel, Vladimir Potanin, has said he is ready to discuss a merger with aluminium group Rusal to create a juggernaut capable of resisting the effects of Western sanctions, according to an interview published today.




“I sent a letter (Monday) in which I indicated our agreement to start the discussion process for a merger with the Rusal group,” he told Russian business paper RBK.


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