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Tajikistan: Russia’s Rusal Offloads Tajik Assets and Flees

Screengrab from a promotional film produced by Tajikistan's aluminum giant Talco.

It is virtually axiomatic in Tajikistan that any major investor should, metaphorically speaking, expect to get their fingers burnt and then be forced to pay for a taxi to the hospital afterward.

Consider the long-running saga with Russian metals giant Rusal, which has after years of trials and tribulations finally left Tajikistan and with losses likely running into the dozens of millions of dollars.

Under a recently thrashed out deal, Tajikistan’s heavily indebted aluminum producer Talco has relieved Rusal of its two remaining assets in the country — the Sozidanie business center and the Hyatt Regency Hotel.

Talco will pay Rusal around $150 million over a 10-year period, RFE/RL’s Tajik service, Radio Ozodi, reported on February 14. A source familiar with the deal has told EurasiaNet.org that the foreign staff managing both facilities will leave the country, leaving Tajik personnel to take over.

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Tajikistan: Russia’s Rusal Offloads Tajik Assets and Flees

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