Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
15 OCTOBER 2018 AL CIRCLE

U.S Treasury further extends wind-down period for Rusal to December 12

EDITED BY : HEENA IQBAL 1MINS READ

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has further extended the expiration date of certain general licenses related to EN+ Group plc (EN+) and United Company RUSAL PLC (RUSAL) until December 12, 2018.

Last month, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) had extended the expiration date from 23 October 2018 to 12 November 2018.

{alcircleadd}

General Licenses 13E, 14B, and 16B amend their previous versions by extending the expiration date from November 12, 2018, to December 12, 2018, for transactions related to the companies and their subsidiaries.

“EN+ and RUSAL have approached the U.S. 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,” said a Treasury spokesperson.    

The U.S. Treasury in April imposed sanctions against Oleg Deripaska and eight companies in which he is a large shareholder, including Rusal.

Tagged with:

RUSAL United States

Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : HEENA IQBAL 1MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.