The U.S. Department of the Treasury insists on lifting sanctions from Russian aluminum giant UC RUSAL, multi-industry holding En+ Group, and EuroSibEnergo, Secretary Steven Mnuchin said following his meeting with U.S. Congress democrats
“RUSAL, En+ Group and EuroSibEnergo have committed to provide Treasury with an unprecedented level of transparency into their dealings to ensure that Russian tycoon Oleg Deripaska does not reassert control. As a result, these entities will no longer be designated for sanctions,” he said.
“Treasury will be vigilant in ensuring that En+ and RUSAL meet these commitments. If these companies fail to comply with the terms, they will face very real and swift consequences, including the reimposition of sanctions,” he added.
Mnuchin said the authority might consider extending the timeline of lifting the sanctions. (Prime/Ukrainian metal)