
The United States unleashed sanctions against Russian aluminium giant Rusal on Friday April 6, 2018. Just in two weeks’ time, the sanctions have left around innumerable consequences, starting with Glencore and Rio Tinto’s decision to declare force majeure on Russian contracts followed by German-headquartered bauxite transshipment company Oldendorff Carriers to shut operations at Guyana.

The company with 200 Guyanese employees has decided to shut the operations at Guyana as a consequence of US sanctions against Russian aluminium company Rusal, according to a report.
According to, Tradewindsnews report, Oldendorff told the publication “it will fully comply with US sanctions and therefore will be winding up its business in Guyana in a timely manner.”
Raphael Trotman, minister of natural resources told Demerara Waves Online News that in this topsy-turvy situation, Rusal might have to hire another company to move bauxite from its Upper Berbice river operations eventually to international ocean-going bauxite ships.
“As I briefed Cabinet on Tuesday, I believe that we would have to look at a long-term solution because indeed I believe the relationship with Oldendorff-RUSAL will be affected in the long term so we are looking at some short-term measures,” he said, adding that government was being provided daily updates.
The minister also planned to meet the two unions, each representing Rusal and Oldendorff.
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