US Senate report says Russian investor in Braidy Industries' mill is a proxy for the Kremlin - 2020-08-19
A Russian company that has invested in Braidy Industries' planned aluminum rolling mill in Eastern Kentucky was identified as a proxy of the Kremlin in a new report the Senate Intelligence Committee released this week.
The Russian firm, United Co. Rusal, agreed last year to invest $200 million in the mill, which is expected to create hundreds of long-term jobs in a struggling region of the state if Braidy is able to raise enough financing to build the facility, which will cost well over $1.5 billion.
The Republican-led Senate committee released a report Tuesday that detailed extensive connections between President Donald Trump's 2016 campaign advisers and people with ties to Russian President Vladimir Putin's regime.
And it points to Russian oligarch Oleg Deripaska — a part-owner of Rusal, which is a major aluminum company that operates internationally — as a key figure.