Sunday, January 27, the Ministry of Finance (Department of the Treasury DOT) lifted sanctions against 3 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 price of RUSAL shares, the second largest in the world manufacturer of aluminium, peaked in April 2018, jumped 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.
However, in its statement, the U.S. Treasury noted that the share of Deripaska’s companies has significantly decreased, and its control over the companies is weak.
Under the agreement with the DOT to the Board of Directors of the majority consisted of independent members from the USA and EU countries.
The U.S. Treasury Department added that the company had agreed to «unprecedented transparency for the DOT 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.
