Wednesday August 5, 2020

State losing battle to save 450 jobs as US sanctions bite

The Aughinish facility has been operating as normal since the sanctions were slapped on its billionaire owner Oleg Deripaska and his UC Rusal empire as part of the tit-for-tat battle between Washington and the Kremlin

Ian Guider

Markets Editor

@ianguider

Michael Brennan

Political Editor

@obraonain
22nd April, 2018

It is understood there was an intense level of engagement by state agencies and departments with Aughinish in recent days, but no obvious solution is emerging ahead of an early June deadline to comply with the sanctions imposed by the US Department of the Treasury.

The Aughinish facility has been operating as normal since the sanctions were slapped on its billionaire owner Oleg Deripaska and his UC Rusal empire as part of the tit-for-tat battle...

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