The U.S. explained the lifting of sanctions against “RUSAL” Deripaska

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Photo: Eugene Novozenina / RIA Novosti

Treasury Secretary Steven Mnuchin made before the American congressional report on the lifting of sanctions against En+, RUSAL and EuroSibEnergo. The statement published on the website of the U.S. Treasury.

According to the head of Department, the decision to lift sanctions has no political motivation. He stressed that these companies play an important role in the global aluminium market, and the sanctions they got only because they were controlled by Russian businessman Oleg Deripaska.

To date, said Mnuchin, En+, RUSAL and EuroSibEnergo undergo significant changes in restructuring and management, and pledged to provide the U.S. Treasury with an unprecedented level of transparency in their actions.

“Treasury will have to remain vigilant to En+, and RUSAL has fulfilled these obligations. If these companies do not fulfill the conditions they face are very real and quick consequences including the re-introduction of sanctions”, — assured Mnuchin.

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. Members of the house of representatives has subjected this decision to harsh criticism. Politicians fear that Russian businessman retained control of the companies.

Video, photo All from Russia.

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