The US lifted sanctions on RUSAL

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Photo: Eugene Novozenina / RIA Novosti

The U.S. Treasury lifted sanctions against companies RUSAL, En+ and EN + of Oleg Deripaska. This is stated in the message on the Ministry’s website.

The Agency noted that all sanctions against Deripaska will remain in effect. The decision to lift the restrictive measures adopted in accordance with the submitted to Congress a notification.

Plans to lift sanctions against Russian companies became known on December 19. It was explained that restrictive measures will be canceled within 30 days.

Among the conditions for the restoration of “RUSAL” in the rights was the resignation of the Chairman of the Board of Directors Matthias Warning and deprivation Deripaska the possibility 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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