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U.S. Gives Investors More Time to Divest From Rusal, En+

  • Treasury clarification seen as ‘routine,’ not easing sanctions
  • Earlier: Mnuchin says not looking to put Rusal out of business
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Mnuchin Says U.S. Doesn't Want to Put Rusal Out of Business

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The U.S. Treasury Department extended until June 6 the deadline for investors to comply with sanctions on Russian billionaire Oleg Deripaska and his companies En+ and Rusal, seeking to reduce disruption to financial markets.

The action removes the immediate threat that Deripaska’s holding company, En+ Group Plc, will be de-listed from the London Stock Exchange, a step that had been scheduled for Wednesday. The Treasury had previously given investors with a U.S. presence a deadline of May 7 to divest from the companies.