The U.S. Treasury again delayed the sanctions against the companies of Deripaska
WASHINGTON, 8 Dec — RIA Novosti. The US Treasury Department again extended the deadlines for completion of transactions in shares and debt instruments of RUSAL, En+, “GAZ Group” and “the EuroSibEnergo”, as well as contracts with these companies — from 7 to 21 January next year, the message of the Department of Treasury’s foreign assets control (OFAC).
USA in early April imposed new sanctions against Russia, in particular, brought in “black list” (SDN list) Oleg Deripaska and controlled by En+ Group, “GAZ Group”, the “Basic element” and “RUSAL”.
Adding to the list of block of assets in the United States and a ban on any business with these companies for American citizens, including any transactions with debt and equity instruments.
The U.S. Treasury initially gave a month for the sale of shares and debt instruments of these companies and two months for the completion of existing contracts and the termination of cooperation with companies — restrictions had come into force on 7 may and 5 June, respectively. Then these terms has been repeatedly extended.
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