Skip to content
Subscriber Only
Politics
Economics

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
Video player cover image

Mnuchin Says U.S. Doesn't Want to Put Rusal Out of Business

Updated on

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.