U.S. move deals blow to Alcoa stock

Easing of sanctions on Russian aluminum firm draws look

Posted: April 24, 2018 at 1:51 a.m.

Russian President Vladimir Putin (left), talks with Russian metals magnate Oleg Deripaska at a business summit in Da Nang, Vietnam, in November. The U.S. Treasury Department said Monday it would lift sanctions against United Co. Rusal, Deripaska’s aluminum company, if he gave up control.

A softening of the U.S. government's stance on Russian sanctions is bringing Alcoa Corp.'s best rally in years to a screeching halt.

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