US Treasury moves Rusal deadline to Jan 21

The US Treasury Department’s Office of Foreign Assets Control (OFAC) has extended the expiration of general licenses related to the UC Rusal sanctions to January 21 from January 7.

“EN+, Rusal and GAZ are proposing substantial corporate governance changes that could potentially result in significant changes in control of these sanctioned entities. In recognition that the review of these complex proposals is ongoing, OFAC is extending the expiration date of related general licenses until January 21,”...

Published

Michael Roh

December 07, 2018

22:24 GMT

New York