Main points
- Rusal recorded losses of $455 million in 2025, despite a 22.6% increase in total revenue.
- The main reasons for the losses were the increase in production costs and geopolitical factors, including sanctions and market volatility.
The largest aluminum producer in Russia will “bend” / Russian media
One of the leading Russian companies, Rusal, recorded record losses in 2025. The whole point is that the Russian economy is rolling into an abyss.
What losses did Rusal suffer?
Rusal recorded losses of $455 million, NV writes.
Rusal's net loss came despite a 22.6% increase in total revenue to $14.8 billion, driven by higher aluminum sales and higher prices on the London Metal Exchange (LME).
The main reason for this situation was the increase in production costs: costs for electricity, raw materials, personnel, and logistics increased.
Rusal said independent auditors had identified “material uncertainties” that could cast doubt on the company's ability to continue as a going concern. The main risk factors were:
- geopolitical tensions;
- sanctions imposed by a number of countries;
- high volatility in commodity and currency markets.
Note! Rusal is a Russian aluminum company, one of the world's largest producers of primary aluminum and alumina. The main markets for its products are Europe, Russia and the CIS countries, North America, Southeast Asia, Japan and Korea.
What is known about the problems of business and industry in Russia?
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In Russia, companies can be checked for secret agreements that limit competition for specialists and restrain wage growth. Such agreements can exist in the IT sector, banking, pharmaceuticals, oil and gas, and large industry.
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“Pipe Metallurgical Company” is shutting down one of its pipe rolling plants due to low demand for products. Russia's metallurgical industry is experiencing a crisis, with a decline in steel production and an increase in the share of imports.
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AvtoVAZ sales in January fell by almost 29% compared to last year, to 19.7 thousand cars. The company reduced prices on some models, but at the same time increased prices on the most popular cars.
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Russian authorities are conducting mass inspections of marketplaces such as Ozon and Wildberries to identify illegal workers. The Federal Tax Service is inspecting order fulfillment centers and services that pay the self-employed for suspected tax evasion.