The U.S. Congress demanded to leave in force the sanctions against RUSAL


Photo: Eugene Novozenina / RIA Novosti

Members of the house of representatives of the U.S. Congress urged to leave in force the sanctions against the companies, RUSAL, En+ and EN + of Oleg Deripaska. A statement published on the website of the Committee on foreign Affairs.

The congressmen demanded that the administration of US President Donald trump to explain what caused the easing of sanctions against the structures of Deripaska. Politicians fear that the businessman retained control of the companies. They asked to postpone the abolition of restrictive measures as long as Congress does not consider the arising issues.

In December 2018 it became known that the Ministry of Finance of the USA intends to withdraw the company from Deripaska under the sanctions within 30 days. This will happen provided that the acting Chairman of the Board of Directors Matthias. will retire and will no longer be on the Board of Directors of the company. Moreover, Deripaska will lose the opportunity to appoint members of the Board of Directors.

En+, together with UC Rusal fell under the sanctions of the U.S. Treasury, introduced on 6 April. They are forbidden to export their products to the American market (the main Russian aluminium) and do business with American residents. Later, the U.S. government announced that it would lift the restrictions if Deripaska will reduce its ownership stake in En+ to 40 percent. The businessman withdrew from the governing bodies of En+ and UC Rusal, as the company is negotiating with Washington on the transfer of the package to Deripaska in trust.

Video, photo All from Russia.


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