Norilsk Nickel: Rusal misinterprets court order

UC Rusal's statement that no ban was imposed on the buyback of Norilsk Nickel's shares contradicts the court order and a supplemental letter sent by the aluminum giant's representative to Norilsk Nickel, the press office of Norilsk Nickel said today. "We recommend that the management of Rusal take advice of professional lawyers to have a correct understanding of the court ruling and not to mislead related parties," Norilsk Nickel's statement reads. As reported earlier, the order of the High Court of Justice of St. Christopher & Nevis bans Norilsk Nickel's subsidiaries from illegally interfering with UC Rusal's rights by buying, selling, transferring or disposing of any assets including Norilsk Nickel's ordinary shares and ADRs.