Kubal's CEO Mats Andersson confirmed that the company is pausing all deliveries of aluminum. Production continues as usual at Kubal. The exact reason for the delivery pause remains unclear, and it is unknown how long it will last.
Kubal is controlled by Russian oligarch Oleg Deripaska, who has close ties to Putin. The company is Sweden's only aluminum manufacturer. The decision comes shortly after the Swedish Enforcement Authority attempted to collect a tax debt of 283 million kronor from the owner company Libertatem Materials.
Kubal's CEO Mats Andersson confirms for Sundsvalls Tidning that they are pausing all deliveries of aluminum, but that production continues as usual.
A criminal investigation is ongoing against the company, with two people in leading positions suspected of serious sanctions violations.