Rusal shares drop 20% on Hong Kong market against U.S. sanctions – Russian media

The shares of the Russian company Rusal owned by Oleg Deripaska, who came under U.S. sanctions, dropped by over 20% on the Hong Kong Stock Exchange on Monday, April 16, having set a new historic low.

Trades brought down the shares of the Russian aluminum giant by 20.1%, to 1.63 Hong Kong dollars per share, Russian business news agency Prime reports.

Ahead of the trade, the lowest mark of the company's shares on the exchange was $2.09 (June 12, 2016), $2.13 (January 17, 2016) and $2.19 (November 17, 2013).

As UNIAN reported, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), in consultation with the Department of State, on April 6 designated seven Russian oligarchs and 12 companies they own or control, 17 senior Russian government officials, and a state-owned Russian weapons trading company and its subsidiary, a Russian bank.

Read alsoCan sanctions against Russian oligarchs hit their Ukraine propertyThe list includes such oligarchs as Vladimir Bogdanov, Oleg Deripaska, Suleiman Kerimov, Igor Rotenberg, Kirill Shamalov, Andrei Skoch and Viktor Vekselberg, oligarch-owned companies, such as B-Finance Ltd., Basic Element Limited, EN+ Group, EuroSibEnergo, United Company RUSAL PLC, Russian Machines, GAZ Group, Agroholding Kuban, Gazprom Burenie, NPV Engineering Open Joint Stock Company, Ladoga Menedzhment and Renova Group. Furthermore, it lists Russian state-owned firms, such as Rosoboroneksport and the Russian Financial Corporation Bank (RFC Bank). Moreover, the U.S. Treasury designated several Russian government officials, including Minister of Internal Affairs and General Police of the Russian Federation Vladimir Kolokoltsev, Director of the Federal Service of National Guard Troops and Commander of the National Guard Troops of the Russian Federation Viktor Zolotov, Head of Roskomnadzor Alexander Zharov, President, Chairman of the Management Board, and Member of the Supervisory Council of state-owned VTB Bank Andrey Kostin, Governor of the Tula region of Russia Alexey Dyumin, and others.