against Russian firms and oligarchs who had links with President Vladimir Putin.
Rio stepped in to take sole control of Queensland Alumina Ltd in April, sidelining Rusal and cutting its access to the refinery’s output of alumina, a compound from which aluminum is derived. Rio owns 80% of the refinery, while Rusal owns the remaining 20%. Rusal’s Australian unit Alumina and Bauxite Company said in an Australian Federal Court filing that the circumstances required for Rio to step in to take control did not exist and amounted to a breach of obligations, according to the court documents reviewed by Reuters.over Moscow’s invasion of Ukraine. Russia calls its actions in Ukraine “a special operation.
Rio declined to comment. Rusal, the world’s second largest aluminum producer, could not be immediately reached for comment outside usual business hours. Rusal was not directly targeted by Australian sanctions, but Rio’s actions were triggered by sanctions on oligarchs
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