U.S. Department of the Treasury Sunday, January 27, lifted sanctions against three companies of the Russian oligarch Oleg Deripaska’sEn+ and it is under control of «RUSAL» and «EuroSibEnergo».
After the statement of the U.S. Treasury Monday, January 28, the shares of RUSAL, the second largest in the world manufacturer of aluminium, peaked in April 2018. Their value increased by 9%.
London metal exchange (LME) stated that «discovered» the warehouses of aluminium produced by RUSAL.
«All are free to sign contracts with «RUSAL» and its branches», — reads the statement of the LME.
Supporters of the continuation of the sanctions claimed that Oleg Deripaska, an ally of Russian President Vladimir Putin, has retained too much control over companies.
Some lawmakers – both Democrats and Republicans — also said that it is inappropriate to ease sanctions, while spectracolor Robert Mueller still investigating the case about the alleged collusion of the election campaign trump with Russia.
But in its statement, the US Treasury Department noted that the share of Deripaska’s companies has significantly decreased, and its control over the companies is weak.
Under the agreement with the Ministry of Finance in the Board of Directors of the majority consisted of independent members from the USA and EU countries.
The Finance Ministry added that the company had agreed to «unprecedented transparency to the Ministry of Finance in its activities», including an extensive audit requirements, certification and reporting.
Oleg Deripaska and some other company (e.g. holding company Russian machines and GAZ group), remained in the U.S. sanctions list.
