US Treasury Department extends Rusal divestiture deadline

The US Treasury Department has extended the deadline for investors to divest their holdings in sanctioned Russian companies, allowing them until 12:01 am August 5 to offload their debt, equity or other holdings.

The Treasury’s Office of Foreign Assets Control (OFAC) issued its General License 13B on May 31, moving the deadline from June 6 to August 5. The license applies to EN+ Group Plc,...


Kirk Maltais

June 01, 2018

23:02 GMT