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Oct 29, 2020
Braidy Industries, the company trying to raise money to build an aluminum mill in KY (and facing a deadline to show progress), recently changed its name to Unity Aluminum, and is in talks to sell Veloxint for $1 million to Clearbrook Global. https://www.kentucky.com/news/politics-government/article246800422.html
Braidy Industries, the company trying to raise money to build an aluminum mill in KY (and facing a deadline to show progress), recently changed its name to Unity Aluminum, and is in talks to sell Veloxint for $1 million to Clearbrook Global. https://www.kentucky.com/news/politics-government/article246800422.html
Jan 2019
Trump admin wants to lift sanctions on Rusal.
Chuck Schumer pushed back & called on senators to consider that Deripaska is an "agent of Russian President Vladimir Putin's interests abroad" and is tied to "organized crime and Mr. Paul Manafort." https://www.cbsnews.com/amp/news/oleg-deripaska-us-lifts-sanctions-on-3-companies-major-russian-oligarch-rusal/
Trump admin wants to lift sanctions on Rusal.
Chuck Schumer pushed back & called on senators to consider that Deripaska is an "agent of Russian President Vladimir Putin's interests abroad" and is tied to "organized crime and Mr. Paul Manafort." https://www.cbsnews.com/amp/news/oleg-deripaska-us-lifts-sanctions-on-3-companies-major-russian-oligarch-rusal/
With strong Republican support, the House on Jan. 14 overwhelmingly rejected the administration plan to lift sanctions, 362 to 53.
But the effort failed in the Senate, thanks in part to McConnell and strong lobbying efforts. https://www.washingtonpost.com/politics/how-a-mcconnell-backed-effort-to-lift-russian-sanctions-boosted-a-kentucky-project/2019/08/13/72b26e00-b97c-11e9-b3b4-2bb69e8c4e39_story.html
But the effort failed in the Senate, thanks in part to McConnell and strong lobbying efforts. https://www.washingtonpost.com/politics/how-a-mcconnell-backed-effort-to-lift-russian-sanctions-boosted-a-kentucky-project/2019/08/13/72b26e00-b97c-11e9-b3b4-2bb69e8c4e39_story.html
2.5 months after McConnell helped to lift sanctions on Rusal:
“Rusal, the aluminum company partially owned by Russian oligarch Oleg Deripaska, announced plans to invest around $200 million to build a new aluminum plant in Kentucky” https://www.newsweek.com/company-russian-oligarch-millions-aluminum-plant-mitch-mcconnell-1397061
“Rusal, the aluminum company partially owned by Russian oligarch Oleg Deripaska, announced plans to invest around $200 million to build a new aluminum plant in Kentucky” https://www.newsweek.com/company-russian-oligarch-millions-aluminum-plant-mitch-mcconnell-1397061
Considering the history, it seems interesting that Braidy Industries has changed its name to Unity, and in October was in discussions to sell a key business asset (Veloxint - a maker of metal alloys), at a fraction of what it cost.
In late Jan 2020, the board of directors ousted Braidy founder and CEO Craig Bouchard.
June 24:
Don Foster will become the Acting President and CEO of Braidy Industries
Foster will also continue to serve as the CEO of Bridge Consulting LLC https://www.dailyindependent.com/news/don-of-a-new-day-braidy-industries-tabs-foster-ceo/article_b7441602-b649-11ea-9e97-5b1c0d7d726e.html
June 24:
Don Foster will become the Acting President and CEO of Braidy Industries
Foster will also continue to serve as the CEO of Bridge Consulting LLC https://www.dailyindependent.com/news/don-of-a-new-day-braidy-industries-tabs-foster-ceo/article_b7441602-b649-11ea-9e97-5b1c0d7d726e.html
