ST. PETERSBURG/KIEV, June 23 – Rusal (Russia) has once again announced its intention to defend its interests in international courts after the decision of Ukrainian courts to return a 68.01% stake of PJSC Zaporizhia Aluminum Plant (ZAlK) to state ownership and transfer the stake in the securities to the account of Ukraine's State Property Fund.
"The situation with ZAlK will be contested in the legal field. There are no changes regarding Mykolaiv Alumina Refinery: the gas price is high, but we still work as normal. Yes, the hryvnia devaluation helps a little bit, but the problem with the price of gas remains," Rusal CEO Vladislav Soloviev said in an interview with Interfax, when asked about the situation affecting the company's assets in Ukraine.
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