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US lifts sanctions from Rusal, En+, EuroSibEnergo

The US Department of Treasury also pointed out that all sanctions imposed on Oleg Deripaska remained in force

© Dmitry Rogulin/TASS

WASHINGTON, January 28. /TASS/. The US Department of Treasury on Sunday lifted sanctions imposed earlier on Rusal, En+ and EuroSibEnergo, it said in a statement.

"The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) today lifted sanctions imposed on En+ Group plc ("En+"), UC Rusal plc ("Rusal"), and JSC EuroSibEnergo ("ESE"), following an earlier notification submitted to Congress on December 19, 2018," the document reads.

It stressed that "under the terms of their removal from OFAC’s List of Specially Designated Nationals and Blocked Persons" the companies "have reduced Oleg Deripaska’s direct and indirect shareholding stake in these companies and severed his control" over them.

The statement noted that this move "ensures that the majority of directors on the En+ and Rusal boards will be independent directors - including US and European persons - who have no business, professional, or family ties to Deripaska" or any other entities or individuals sanctioned by the US.

The US Department of Treasury also pointed out that all sanctions imposed on Deripaska remained in force.

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