MOSCOW, January 28. /TASS/. Shares of Rusal and En+ on the Moscow Exchange soared 10% after the statement of the US Treasury Department on the lifting of sanctions against the companies.
Thus, the shares of Rusal added almost 10% and reached 34.98 rubles per share, while at 10:06 Moscow time the company’s shares grew by 6.1% to 33.75 rubles.
En+ GDR increased by 8.8% to 612.5 rubles; in the early training the shares grew by 10.5%.
It was reported earlier that the US Department of Treasury lifted sanctions imposed earlier on Rusal, En+ and EuroSibEnergo. "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 was noted 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.
