For Deripaska donate plastic

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Oleg Deepercutt: Alexander Koryakov / Kommersant

The government has developed a “road map” of measures to support the aluminum industry in the first place sanctioned RUSAL, owned by Oleg Deripaska, writes “Kommersant”. Among these measures indicated a reduction in the proportion of plastic in the market of packaging materials.

The proposed measures aimed at increasing the consumption of aluminium in the domestic market. So the authorities are going to create demand for products “RUSAL” and to compensate the company dropped the income from the inability to export products to the United States.

The first thing the government wants to restrict import of aluminium by raising taxes. This will require coordination at the level of the Eurasian Union, where the rates now range from five to 15 percent, the newspaper writes. But the rules of the organization allow temporary withdrawal of certain products from the total list.

In addition, it is proposed to increase the share of Russian aluminium in public procurement and procurement by state companies. They can impose certain quotas that will touch even finished foreign products, for example, be required to purchase the transport, which was used by the Russian raw materials. This may be involved in offset transactions, the terms of which the supplier is obliged to invest in the economy of the country of the buyer.

Also manufacturers can provide subsidies of Russian aluminum.

Finally, the government proposes to impose additional charges producers of plastic packaging are the main competitors of “RUSAL” in this market. Russia now has a recycling levy for every plastic bag, if not dispose of the manufacturer or importer. Power can increase its rates to “stimulate the use of renewable materials”. The chief of these materials is aluminum, which accounts for about 40 percent of the market.

The interviewed participants of the market do not support all actions. Some of them they call artificial and expressed fears that the restrictions will have a negative impact on competition.

RUSAL, controlled by Oleg Deripaska, through a holding company En+, entered in the sanctions list of the U.S. Treasury on April 6. After that, the company was banned from exporting products to the US market, which accounted for about 80 percent of its supplies. According to estimates by the company itself, in 2018, it will have to cut production by 30 percent.

At the end of may, RUSAL asked for help from the government. The company prepared a list of the benefits that counts. Among them — increase of tariffs on the consumption and transmission of electricity in order to reduce the load on RUSAL.

Then Deripaska came from the Board of Directors of En+, and later thought about the re-registration of the company in the Russian jurisdiction. Now she was on the British island of Jersey.

Video, photo All from Russia.

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