Posted on Mar 21, 2021
Russian Backer Halts Funds in New Blow to U.S. Aluminum Project
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The Russian company backing an aluminum project in Kentucky said it’s suspending investments as it waits for U.S. partners to raise funds, dealing a new setback to the billion-dollar-plus mill that was supposed to be completed last year.
United Co. Rusal International PJSC announced the move on Unity Aluminum, formerly known as Braidy Industries, in a call on Wednesday. Rusal has so far poured $65 million into the venture, which local officials have been counting on to bring hundreds of high-paying jobs to the region.
United Co. Rusal International PJSC announced the move on Unity Aluminum, formerly known as Braidy Industries, in a call on Wednesday. Rusal has so far poured $65 million into the venture, which local officials have been counting on to bring hundreds of high-paying jobs to the region.
Russian Backer Halts Funds in New Blow to U.S. Aluminum Project
Posted from bloomberg.com
Russia
United States Senate
Posted 3 y ago
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PO1 William "Chip" Nagel
MSG Stan Hutchison As One that used to Vacation in Western Kentucky and work with NGOs in Eastern Kentucky I'm Sad to See they Got Played Again. Russia got every thing Out of Kentucky they were going to get.
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Hmm, the home state of Moscow Mitch. Now why would Putin want to invest in a state that: is the 10th worst state to live in, has the highest jobless rate, ranked as one of the dumbest, ranks 41st out of our 50 states, and is the 6th worst educated of America. Oh wait, they vote republican.
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