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Russian Deputy PM hopes US to decide on Oleg Deripaska's assets within two months

November 13, 2018, 23:34 UTC+3

"There was no response, either positive or negative, to all his proposals on restructuring of companies," the official said

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MOSCOW, November 13. /TASS/. Co-owner of the Russian aluminum giant Rusal Oleg Deripaska has not yet received a response from the United States to assets restructuring proposals and two months will hopefully be enough to take a decision in this regard, Russian Deputy Prime Minister Dmitry Kozak said on Tuesday in an interview with Rossiya 24 TV Channel.

"There was no response, either positive or negative, to all his proposals on restructuring of companies," Kozak said. The US Treasury Department extended the deadline for completion of contracts and transactions with shares and debt instruments for Deripaska’s assets until January 7, 2019, he noted.

"The term was extended until January 7 and a certain timeline appeared for us, so that we, Oleg Deripaska in this case, laid down our variants for restructuring of companies. They [the US - TASS] could review, agree upon them. The ultimate task is to take out [from sanctions - TASS] ordinary people, who are not related to politics at all. I think and hope we will fit in [two months]," the official said. "The US has very complicated and lengthy procedures of review and approval," he added.

On April 6, the US authorities imposed sanctions on several Russian officials, businessmen and companies. Among them was Oleg Deripaska and companies linked to him, sich as Rusal, En+, GAZ Group, and others. Sanctions envisage freezing assets on the US territory and banning US citizens from engaging in any business activities with those companies.

The US Treasury initially gave US investors until May 7 to sell shares and bonds of those companies, and until June 5 to wind down operations or existing contracts with those companies. The deadline was extended several times since then, until January 7 of the next year last time.

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