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Fitch withdraws EN+ Group ratings due to US sanctions

International rating agency Fitch withdrew the ratings of EN+ Group in connection with the introduction of US sanctions against the energy holding

© EPA/ANDREW GOMBERT

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MOSCOW, April 12. /TASS/. International rating agency Fitch withdrew the ratings of EN+ Group in connection with the introduction of US sanctions against the energy holding, according to the agency’s press release.

"These rating actions follow the sanctions imposed on Rusal by the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury. US persons will be prohibited from dealing with Rusal from 7 May/5 June (depending on the nature of the transaction). Additionally, non-US persons could face sanctions for knowingly facilitating significant transactions for or on behalf of Rusal. At this stage there is lack of guidance how the latter would be implemented," the agency said.

At the time of withdrawal, the company’s credit rating was at "BB-" and the outlook on rating was set to negative.

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Situation in Iran’s Isfahan stabilizes after drone attack — media

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Israel assesses effectiveness, consequences of strike on Iran — media

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Iran says drones downed over Isfahan launched from country's territory

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The sources said that Iranian forces managed to destroy several small drones near the city of Tabriz, about 800 kilometers from Isfahan

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Brazilian leader Luiz Inacio Lula da Silva welcomed Gustavo Petro’s initiative, "being committed to promotion of Colombia’s candidacy"

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Polish premier refuses to hand over his country’s Patriot systems to Ukraine

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According to the top Russian diplomat, the unresolved Palestinian problem fuels the issues that the Middle East is facing

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Chinese analyst sees US veto on Palestine as reflection of arrogance, double standards

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Ukrainian front may collapse this summer — newspaper

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West, Kiev indulge in nuclear blackmail by demanding control of ZNPP — Russian MFA

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Energy prices help US economy to develop better than Europe — IMF

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