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Deripaska’s Rusal Role Was Flagged for U.S. Sanctions Review

  • Pact called for blacklisted Russian to step back at Rusal, EN+
  • Influence seen over management, in bid to undermine China
Sanctioned Russian Aluminum Maker United Co. Rusal
Photographer: Andrey Rudakov/Bloomberg
Updated on

European officials have provided information to the U.S. government indicating that Russian billionaire Oleg Deripaska continued to exert control this year over United Co. Rusal International PJSC, which the officials say was a breach of a U.S. sanctions agreement reached in 2018.

An assessment sent to U.S. officials earlier this year concluded that Deripaska retained significant day-to-day influence over Rusal, one of the world’s largest aluminum producers, and its parent, EN+ Group International PJSC, according to the officials. He used company resources and employees to support his personal business interests and the political agenda of the Kremlin around the world, they said.