Aluminum giant UC RUSAL and energy and metals holding En+ Group of the Russian businessman Oleg Deripaska can reregister in a special administrative zone in Kaliningrad until the end of 2019, Economic Development Minister Maxim Oreshkin declared.
“We are working on this and will do all we can on our side,” Oreshkin said.
Oreshkin added that seven companies affiliated with Deripaska had already reregistered in the zone, namely Trans Sector Holdings Limited, Samolus Investments Limited, Prime Emerald Trading Limited, Fenestraria Consultants Limited, Langdale Holdings Limited, Rasperia Trading Limited and Ceratozamia Consultants Limited.
In April 2018, the U.S. imposed sanctions against 38 Russian tycoons, officials and companies, including Deripaska and his companies – En+ Group, carmaker GAZ Group, holding Basic Element, and RUSAL – among others. In December 2018, the shareholders of En+ Group unilaterally voted for reregistration of the business in Russia and for Deripaska’s ownership reduction below 50% and an end to his influence on the board of directors. (Prime/Ukrainian metal)