Mainecat Posted June 7, 2019 Share Posted June 7, 2019 This is the same company that was under Russian sanctions that were dropped by MConnell and that just by coincidence the company ends up in Mconnells state. Russian-backed Kentucky aluminum mill says it's not subject to national security review WASHINGTON -- A Russian-backed aluminum mill trying to set up shop in Kentucky insists it is outside the scope of any review by a special government panel charged with scrutinizing foreign investment that could cause national security concerns. A statement to McClatchy Wednesday from Braidy Industries said that while it “respects and supports the important national security responsibilities” of the Committee on Foreign Investment in the United States, its $1.7 billion mill project in Ashland “does not enter or interfere with (the committee’s) rules or regulations.” Congressional Democrats want such a review because of a planned $200 million investment from a Kremlin-linked company. The Treasury Department, while not confirming or denying any such review, said in a letter Tuesday that it has the power to lead one. The Braidy statement refers to the project as a “greenfield.” Under the Committee on Foreign Investment’s regulations, greenfields are a type of project involving a U.S. business that did not exist prior to the foreign investment and are not generally subject to the committee’s review. Read more here: https://www.mcclatchydc.com/news/politics-government/congress/article231221518.html Quote Link to comment Share on other sites More sharing options...
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