Raw idea on aluminium fund, A.Ulyukov
Edited by Anonymous / 2014-02-26 06:17:32
The Minister of Economic Development of Russia A.Ulyukaev named an idea of UC RusAl on the creation of a state-run aluminium fund raw. The corporation has suggested the state to buy 1 million tons of aluminium from UC RusAl overr 7 years and undertook an obligation to buy back at the price of the deal.
“We met with the spokesmen for UC RusAl, but their proposal was not well-thought-out. Then, when they guaranteed downside protection, the project became more interesting. But it is not enough, as the National Welfare Fund, which funds are supposed to be used, is to show a hurdle rate. The metallurgists are not ready for it,” A.Ulyukaev said to RBK Daily.
