Aluminium giant Rusal share price halved under US sanctions

Moscow (AFP) – Russian aluminium giant Rusal saw its share price nearly halved on the Hong Kong stock exchange Monday after Washington placed it under sanctions, putting the metals major at risk of defaulting on part of its debt.

At around 0650 GMT, the company’s stocks had plunged 48 percent to HK$2.42 ($0.31, 0.25 euros).