Rusal shares fall 31 percent on U.S. sanctions

HONG KONG (Reuters) - Shares of United Company Rusal Plc (0486.HK) fell 31 percent on Monday after the Russian aluminum giant was included in a new U.S. sanctions list.

The stock fell to HK$3.20 in early trade, its lowest open since December 2016.

Rusal said on Friday that it regretted its inclusion on a new U.S. sanctions list, adding that its advisors were studying the situation.

Washington imposed sanctions on seven Russian oligarchs, 12 companies they own or control, as well as 17 senior Russian government officials because, it said, they were profiting from a Russian state engaged in “malign activities” around the world.