Oldendorff halts Guyana business because of US sanctions on Russian aluminum firm

Oldendorff halts Guyana business because of US sanctions on Russian aluminum firm

Germany’s largest bulk shipping firm, Oldendorff Carriers is stopping its dealings in Guyana because the Russian company with which it has business in the South American country is subject to US sanctions, according to Reuters.

The Russian aluminium producer Rusal has a bauxite plant in Guyana from which Oldendorff ships the product to destinations in the US and Europe.

On April 6 the US imposed sanctions on various Russian entities, including Rusal, as punishment for Russia’s alleged meddling in the 2016 US presidential election.

In a statement Oldendorff said it would “fully comply with US sanctions”.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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