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The US withdrew from the EuroSibEnergo, En+, and RUSAL

23 January 2019

Earlier it was reported that the United States intends to lift sanctions against several Russian companies. We are talking about the companies of Oleg Deripaska — the EuroSibEnergo, En+, RUSAL. Now received confirmation from the Secretary of the Treasury Steven Mnuchin. About it reported the press service of the Ministry.

Initially, sanctions were imposed on April 6 last year. They touched 14 legal entities and individuals. 24 the list included businessman Oleg Deripaska. The sanctions have affected it and all its controlled companies. It’s such as GAZ group, Basic element, RUSAL, En+ Group. It was also clarified that the sanctions can be lifted. This is possible, provided that Deripaska refuses to control of the company. Simply put, completely you give your enterprise.

RUSAL is the only Russian producer of aluminium. Because it was important to resolve the issue of sanctions. The company was in a very difficult position. However, the company still held significant corporate changes. So Oleg Deripaska has lost control. In addition, was greatly reduced his stakes in companies. Also, these legal entities have made commitments. They will provide the Finance Ministry the maximum level of openness. This is especially true of transactions. Thus, it will act as a confirmation that the businessman will not return control.

The intention to remove the sanctions, it became known on December 19. The United States Congress sent the notification. The sender addressed the Office for foreign assets control of the U.S. Treasury. However, companies early to rejoice. The lifting of the measures is only part of the way. They will have to face the difficult consequences. In addition, they will continue to be under threat of sanctions. In case of any violations, the restrictions will be restored.

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