The United States Announced The Lifting Of Sanctions Against Russia And Other Three Companies

- Jan 30, 2019-

On the 28th, Beijing time, the US Treasury Department announced on Sunday that it would lift sanctions against three companies related to Russian billionaire Oleg Deripaska, including Rusal, En+ Group and Siberian energy in Europe. Company (JSC EuroSibEnergo).

According to the news, “The Office of Foreign Assets Control (OFAC) of the US Treasury Department today cancelled the application to Russian En+ Group, Rusal and Siberian Energy Company according to the notice submitted to Congress on December 19, 2018. Sanctions," but all sanctions against Jeripaska remain in force.

The U.S. Treasury Department said on the 20th of last month that it would lift the sanctions against the three companies within 30 days because "these companies have promised to significantly reduce the shareholding and control of Deripaska."

RUSAL is the second largest aluminum producer in the world, accounting for 6% of global aluminum supply.