Rio Tinto, the world's second-largest miner by market value, joined the list of multinational companies shunning the Russian market after the conflict between Russia and Ukraine escalated. The company said Thursday it was "terminating all commercial relationships with any Russian companies."
Rio runs the joint venture, Queensland Alumina, with Russian aluminium producer Rusal, which has a 20 per cent stake. Rio declined to comment further on the impact of the joint venture, but reiterated a statement made last week that the company had put in place "appropriate structures" to ensure Queensland Alumina's operations would not be disrupted.
It is unclear whether Rio's latest move will affect its Operations in Mongolia, where it buys fuel and other products from Russia for use in operations such as its Oyu Tolgoi copper mine.
Rio također kontrolira veliku rafineriju glinice u Queenslandu u Australiji, u kojoj Rusal posjeduje 20 posto udjela. Kompanija razmatra opcije za takvo partnerstvo, navodi Žurnal, pozivajući se na ljude koji su upoznati s tim.
Trenutno je više od 300 evropskih i američkih multinacionalnih kompanija najavilo različite stepene obustave poslovnih i investicionih aktivnosti u Rusiji, uključujući energetiku, avijaciju, automobilsku industriju, maloprodaju, proizvodnju, finansije, tehnologiju i ugostiteljstvo, muziku, konsalting i mnoge druge aspekte.
Među energetskim kompanijama, Exxon Mobil, najveća američka naftna kompanija kojom se javno trguje, povlači se iz svog projekta Sahalin-1LNG i neće vršiti nova ulaganja u Rusiji. BP i Shell povlače se iz zajedničkih ulaganja u Rusiji i povlače osoblje iz zemlje.
In response, Russia is drafting legislation to consider "nationalizing" the exited property
