OFAC extends expiration date for Rusal wind-down to Dec 12 [UPDATED]

The US Treasury Department has further extended the expiration date of general licenses relating to UC Rusal until December 12.

“EN+ and Rusal have approached the US government about substantial corporate governance changes that could potentially result in significant changes in control. As the review of these proposals is ongoing, OFAC is extending the expiration date of related licenses until December 12,” a Treasury spokesperson said.

In September, the US Department of...


Justin Yang

Alice Mason

October 12, 2018

14:50 GMT