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Russia’s largest aluminum producer Rusal (0486.HK) said on Monday it has not received a formal resignation from director Oleg Deripaska, and reiterated that its business and prospects may be affected by U.S. sanctions. Source: Reuters
The US treasury secretary announced that a looming trade war has been put “on hold.” But European officials are worried that a new trade deal between the US and China could come “at the expense of Europe.” Source: Deutsche Welle
Russia’s Rosneft earlier this week announced that it had started drilling a production well off the coast of Vietnam in the South China Sea. Today, two sources close to the Vietnamese unit of the Russian company told Reuters there were concerns there about China’s possible reaction to the drilling. Source: Reuters
