U.S. Delays Rusal Sanctions Amid Talks With Deripaska

The U.S. Treasury Department delayed imposing sanctions on Russia’s largest aluminum producer, United Co. Rusal, for the fifth time, as it seeks to strike a deal that would allow the company to escape the penalties.

Treasury said in a notice Friday that licenses allowing Rusal to continue doing business would be extended to Jan. 21 from the prior Jan. 7 expiration. The extension gives Russian billionaire Oleg Deripaska more time to give up control of Rusal, the biggest aluminum producer outside of China.