December 25, 2018 / 7:09 AM / 6 months ago

Russia finance minister says hopes commitments between Rusal, U.S. Treasury fulfilled

Russia's Finance Minister Anton Siluanov speaks during a session of the VTB Capital Investment Forum "Russia Calling!" in Moscow, Russia, November 28, 2018. REUTERS/Maxim Shemetov/File Photo

MOSCOW (Reuters) - Russian Finance Minister Anton Siluanov said he hoped that bilateral commitments between Rusal and the U.S. Treasury Department are fulfilled that would allow the lifting of U.S. sanctions against the Russian aluminium company next year.

Last week, the U.S. Treasury said it would lift sanctions on the core empire of Russian businessman Oleg Deripaska, including Rusal and its parent En+ (ENPLq.L), as they have agreed to restructure to reduce Deripaska’s stakes.

The deal is subject to a 30-day review, during which the U.S. Congress may pass a joint resolution of approval or disapproval.

Reporting by Darya Korsunskaya; Writing by Katya Golubkova; Editing by Christian Schmollinger

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below