Beijing time, 28 news, the U.S. Treasury Department announced on Sunday the lifting of sanctions on three companies related to Russian billionaire Oleg Deripaska, including Rusal, En + Group and JSC EuroSib Energo.
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According to the news, “The Foreign Assets Control Office of the US Treasury today (OFAC) cancelled the sanctions imposed on Russian En + Group,’Rusal’and European Siberian Energy Company according to a notice sent to Congress on December 19, 2018,” but all the sanctions against Jeripaska are still in effect.
The U.S. Treasury Department said last 20 that sanctions against the three companies would be lifted within 30 days because “these companies have pledged to drastically reduce Deripaska’s ownership and control”.
Aluminum Russia is the world’s second largest aluminium producer, accounting for 6% of global aluminium supply.
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