MOSCOW, April 20. /TASS/. Euronext Paris has terminated the delisting of Rusal’s global depositary receipts, Russia’s aluminum producer said in a statement on Thursday.

"The company was informed by Euronext Paris SA that the initial decision of the board of Euronext Paris SA approving the GDS Delisting is, in the given circumstances, not valid," the statement said.

Rusal was informed "by CACEIS Corporate Trust that their provision of services as the centralizing broker for the orderly sale procedure was terminated." "Accordingly, the orderly sale procedure announced on 5 April 2018 in connection with the delisting of the GDSs from Euronext Paris is terminated. Any tendering of the GDSs in such sales facility will be unwound," the company said.

Rusal is taking reasonable steps, including having ongoing discussions with Euronext Paris SA and The Bank of New York Mellon as the Depositary in order to seek to protect the interests of its securities holders.

"The company remains focused on the pursuance of delisting of the GDS from Euronext Paris and intends to continue discussions with Euronext," the statement said.

Russia’s aluminum producer announced plans on delisting of its GDSs from Euronext Paris on April 5. It was planned to finalize the procedure on May 4. However, on April 6, the United States slapped sanctions against the company, after which many contractors suspended cooperation with Rusal.

On April 6, the US Treasury put Oleg Deripaska, the main owner of Rusal, and eight companies he controls, on a special SDN list alongside with other Russian businessmen and entities. Accoridng to an explanatory note attached to the list, the US authorities ordered US investors to get rid of shares of sanctioned Russian companies by May 7, 2018. Also, before June 5, American investors should cancel all contracts they signed earlier with all 12 blacklisted companies.

Later it became known that a number of traders, including Glencore, announced force major on some contracts for the supply of Russian aluminum.

The London Metal Exchange (LME) has imposed temporary restrictions on Rusal aluminum trade due to the US sanctions starting April 17. Before this, the trading platform stopped listing of primary aluminum produced by the enterprises of Rusal.