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Also see: Oleg Deripaska;
Jump to: 2019; 2020;
-- 2018 --
March 5: Aluminum magnate Oleg Deripaska — a one-time business partner and employer of Paul Manafort, the embattled former campaign chairman for US President Donald Trump — was one of hundreds of wealthy individuals who have applied for Cypriot nationality. His application was approved last year.
Originating more than 30 years ago in the Caribbean, such schemes — known in the industry as “Golden Visas” — have spiked in popularity in the past decade and are now offered in more than 20 countries. They have been criticized for allowing wealthy people, including those who have obtained their wealth illegally in countries with weak legal systems, special access to life in developed countries that is not available to others.
https://www.occrp.org/en/goldforvisas/russian-billionaire-linked-to-trump-manafort-has-new-cyprus-passport
May 24: Russian metals tycoon Oleg Deripaska stepped down as a director of his aluminum firm Rusal as part of a choreographed series of steps which he hopes will persuade the U.S. government to rescind sanctions that have crippled his businesses.
https://www.reuters.com/article/us-usa-russia-sanctions/sanctioned-tycoon-deripaska-resigns-as-director-of-his-firm-rusal-idUSKCN1IQ04V
May 31: The Trump administration is imposing tariffs on steel and aluminum imports from Europe, Canada and Mexico after a month-long exemption expires at midnight. Steel imports will be taxed at 25 percent and aluminum at 10 percent under proclamations Mr. Trump signed in March and reconfirmed Thursday.
That may mean higher prices on everything from SUVs to cans of beer and soda as companies cope with the higher cost of imported materials as well as the expected retaliatory tariffs on U.S. exports from angry trading partners.
https://www.cbsnews.com/news/president-trumps-steel-and-aluminum-tariffs-winners-and-losers/
May 31: Trade war? What you need to know about US steel tariffs
The world is currently closer to a full-scale trade war than at any time since the 1930s, when the American Smoot-Hawley tariff prompted a domino effect among other industrialised nations. Many protectionist measures have been introduced since the global financial crisis of a decade ago but, for the most part, they have been small scale. The current tension is far more serious ...
https://www.theguardian.com/business/2018/may/31/trade-war-what-you-need-to-know-about-us-steel-tariffs
May 31: Economist Larry Summers, an ardent critic of Donald Trump, calls the president's decision to impose steel and aluminum tariffs on the European Union, Canada and Mexico "ludicrous."
"We shot the economy in our foot ...".
... current Commerce Secretary Wilbur Ross defended the tariffs, saying the stock market will "adjust" to any changes in U.S. trade policies.
https://www.cnbc.com/2018/05/31/we-shot-the-economy-in-our-foot--larry-summers-on-trump-tariffs.html
July 30: Russia just dumped 84% of its American debt. What that means
Between March and May, Russia's holdings of US Treasury bonds plummeted by $81 billion, representing 84% of its total US debt holdings.
The sudden debt dump may have contributed to a short-term spike in Treasury rates that spooked the market. 10-year Treasury yields topped 3% in April for the first time since 2014.
It also sparked a guessing game about Moscow's motivations. Maybe Russia just wanted to diversify its portfolio, as the central bank stated. Or perhaps Russia was seeking revenge for Washington's crippling sanctions on aluminum maker Rusal.
https://money.cnn.com/2018/07/30/investing/russia-us-debt-treasury/index.html
December 5: A key Democratic senator is warning the Trump administration not to lift sanctions against a Russian oligarch or the companies he controls.
Oleg Deripaska holds large stakes in the Russian aluminum giant Rusal and the automobile conglomerate GAZ Group.
New Jersey's Bob Menendez, the top Democrat on the Foreign Relations Committee, wrote in a letter to the Treasury Department that it would face strong opposition in Congress if it waives sanctions against Deripaska and the companies.
“How the Treasury Department manages this delisting exercise will shape our perceptions about the administration’s seriousness in implementing the Russian sanctions regime,” Menendez wrote.
https://www.voanews.com/a/top-senate-democrat-warns-trump-not-to-lift-sanctions-against-russian-billionaire-/4688948.html
-- 2019 --
January 25: U.S. tariffs on Canada, Mexico need to come off, manufacturers plead
American automakers, aluminum producers, manufacturers and farmers are running out of time, money and patience as the North American tariff standoff persists, and they're pleading with the United States to put an end to it.
Industry emissaries are warning U.S. Trade Representative Robert Lighthizer and Commerce Secretary Wilbur Ross that President Donald Trump's tariffs on Mexican and Canadian steel and aluminum, as well as their reciprocal countermeasures, are rapidly undermining whatever benefits the U.S.-Mexico-Canada Agreement will produce once it takes effect.
"The damage from the reciprocal trade actions in the steel dispute far outweighs any benefit that may accrue to them from the USMCA," the group writes in a letter released this week by a coalition of more than 40 different industry associations and lobby groups.
It currently costs $464 more per vehicle to produce a car in the United States ... -- and between $275 and $300 of that is a direct result of the steel and aluminum tariffs.
https://www.ctvnews.ca/canada/u-s-tariffs-on-canada-mexico-need-to-come-off-manufacturers-plead-1.4268628
November 24: Greenland Is Not For Sale. But It Has The Rare Earth Minerals America Wants
https://www.npr.org/2019/11/24/781598549/greenland-is-not-for-sale-but-it-has-the-rare-earth-minerals-america-wants
-- 2020 --
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