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Russia oligarch ‘ring-fenced’, Rio told in Aussie sanctions spat

Liam WalshReporter

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Rio Tinto’s Russia-based partner in a Queensland alumina refinery has alleged it ring-fenced operations so no benefits flowed to a Russian oligarch targeted in sanctions following Ukraine’s invasion.

Federal Court filings obtained by The Australian Financial Review illustrate how subsidiaries of Russia-based Rusal are arguing that a contractual trigger related to sanctions should have never been pulled.

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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au

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    Original URL: https://www.afr.com/companies/mining/russia-oligarch-ring-fenced-rio-told-in-aussie-sanctions-spat-20220603-p5ar0c