You're reading: Reuters: US extends deadline for divestiture of sanctions targets Rusal, En+

Reuters: US extends deadline for divestiture of sanctions targets Rusal, En+

Published May 2, 2018 at 3:03 pm

Oleg Deripaska, chief executive officer of UC Rusal, speaks at a forum at Hong Kong University of Science and Technology in Hong Kong on September 21, 2010. UC Rusal is the world's biggest aluminium producer with a workforce of 76,000 spanning 19 countries.

Photo by AFP

The U.S. Treasury on May 2 gave investors an additional month to divest or transfer their holdings in sanctions targets United Company Rusal Plc (0486.HK), En+ Group Plc (ENPLq.L) and GAZ Group (GAZA.MM).

Washington last month imposed sanctions on Russian billionaire Oleg Deripaska and several companies in which he is a large shareholder, including Rusal, En+ and GAZ, in response to what the U.S. called Russia’s “malign activities.”