The US Treasury Department lifted sanctions on three firms tied to Russian tycoon Oleg Deripaska, including United Co Rusal, a move that will provide relief to the global aluminium market. The metal fell in London.Deripaska, an ally of Russian leader Vladimir Putin, will remain under US sanctions, and his property will remain blocked. But the Treasury Department is removing restrictions on Rusal, En+ Group Plc and EuroSibEnergo JSC.“The companies have also agreed to unprecedented transparency for Treasury into their operations by undertaking extensive, ongoing auditing, certification, and reporting requirements,” the Treasury’s Office of Foreign Assets Control (OFAC ) said in …read more
Source: Gulf times
