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U.S. Allows More Time for Deripaska Talks on U.S. Sanctions

  • The two sides are discussing a possible lifting of sanctions
  • One proposal involves a U.S.-run blind trust, people say
Updated on

The U.S. Treasury gave Russian billionaire Oleg Deripaska more time to relinquish control of the world’s second-largest aluminum producer, United Co. Rusal, before U.S. sanctions kick in.

Treasury said in a statement that licenses allowing Rusal to continue doing business would be extended a month to Dec. 12. U.S. government officials are in talks with negotiators about lifting sanctions on En+ Group Plc, the company that holds Deripaska’s stake in Rusal.