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Rusal’s shares soar 15% amid news on possible removal of sanctions against company

According to the US Treasury, sanctions relief can be provided if Rusal's co-owner Oleg Deripaska makes divestment and relinquishes control over the company

MOSCOW, April 23. /TASS/. Shares of Russian aluminum producer Rusal have soared by 15% to 26.39 rubles per share in the course of the trading on the Moscow Stock Exchange on Monday amid the US Treasury announcement that it may remove the sanctions against the company, according to the trading data.

According to the US Treasury, sanctions relief can be provided for Rusal if its co-owner Oleg Deripaska makes divestment and relinquishes control over the Company.

US sanctions

On April 6, the US authorities announced the imposition of sanctions against a number of Russian officials, businessmen and companies. The Russian businessmen who were put on the new US restrictions list include Gazprom CEO Alexei Miller, VTB head Andrei Kostin, owner of Renova Viktor Vekselberg, Surgutneftegaz CEO Vladimir Bogdanov, Sibur board member Kirill Shamalov, and businessmen Igor Rotenberg, Oleg Deripaska and Suleiman Kerimov.

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