COMPANIES A Russian state representative has been appointed to the board of Oleg Deripaska’s UC Rusal, increasing the government’s muscle over the indebted aluminium group after it granted it a $4.5bn bail-out loan last year.
UC Rusal said on Friday it had appointed Anatoly Tikhonov, the first deputy head of VEB, the state-controlled bank that disbursed the bail-out loan, to the company’s board at the end of March. It said the move was one of the conditions for the $4.5bn government loan.
