Rusal Owed $396 Million by Customers as Sanctions Levied: Chart

(Bloomberg) -- Even though United Co. Rusal’s customers owed it $396 million at the end of last year, the aluminum producer is asking them not to pay just yet. The company requested that its customers stop payments after it was placed under U.S. sanctions. Rusal is investigating the consequences of the sanctions and doesn’t waive its right to the payments, according to a copy of a letter dated April 6 and signed by Rusal’s head of marketing.

--With assistance from Jack Farchy

To contact the reporter on this story: Brandon Kochkodin in New York at bkochkodin@bloomberg.net.

To contact the editors responsible for this story: Joe Weisenthal at jweisenthal@bloomberg.net, Sophie Caronello at scaronello@bloomberg.net, Sheldon Reback

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