SANCTIONS (INTERNATIONAL LAW) – RUSSIA

Shareholders approve fire sale of Russian mines to tycoon with former links to sanctioned oligarchs

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Original article by Sumeyya Ilanbey
The Age – Page: Online : 29-May-24

Some 99 per cent of Tigers Realm Coal’s shareholders have voted in favour of a deal to sell all of its assets to APM Invest, which is owned by Russian businessman Mark Buzuk. The $US49m ($74m) deal to sell two coking coal mines and an export terminal in Russia follows a court ruling in April that the company was in breach of trade sanctions imposed following the invasion of Ukraine. Tigers Realm chairman Craig Wiggill says Buzuk was carefully screened and was found to have no current links to the Russian state or any entities that are subject to the trade sanctions. However, he is a former business associate of two Russian oligarchs who have been sanctioned.

CORPORATES
TIGERS REALM COAL LIMITED – ASX TIG, APM INVEST

Putin gives Russian troops green light to march into Ukraine

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Original article by Charles Miranda, Megan Palin
Herald Sun – Page: Online : 23-Feb-22

Russia faces economic sanctions after President Vladimir Putin authorised troops to enter the breakaway regions of Donetsk and Luhansk, although he has not provided a timeline for their deployment. US President Joe Biden has responded by stating that Russia’s invasion of Ukraine is beginning; he added that it is a flagrant violation of international law. The White House’s deputy national security adviser Jon Finer has stated that Washington’s response will be "swift and severe", with the first round of sanctions already in place. NATO Secretary-General Jens Stoltenber in turn says there is every indication that Russia is planning a full-scale attack on Ukraine.

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, NORTH ATLANTIC TREATY ORGANISATION

Rio calm as Russia sanctions hit plant

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Original article by Paul Garvey
The Australian – Page: 17 & 20 : 16-Apr-18

Rio Tinto has advised that its Queensland Alumina Limited business is unlikely to be significantly affected by a move by the US to impose trade sanctions on Russian companies. However, Rio Tinto has responded to the trade sanctions by declaring force majeure with regard to some QAL contracts. Russian companies that are affected by the sanctions include Rusal, which has a 20 per cent stake in QAL. Rio Tinto also has offtake agreements with Rusal regarding the former’s alumina smelters in France and Iceland, while Rusal also sources bauxite from Rio Tinto for its smelter in Ireland.

CORPORATES
RIO TINTO LIMITED – ASX RIO, QUEENSLAND ALUMINA LIMITED, RUSAL, GLENCORE PLC, LONDON METAL EXCHANGE LIMITED, UNITED STATES. DEPT OF THE TREASURY, UNITED STATES. DEPT OF STATE