Russian Sanctions - Rusal - Removal from SDN List

28th January 2019

Further to our News Item of 4 January 2019, as expected United Company Rusal, EN+ Group and JSC Eurosibenergo have all been removed from the U.S. SDN list. Both U.S. and non-U.S. persons are therefore now free to trade with these entities. Copies of the relevant notice and press release from the U.S. Department of the Treasury can be found using these links:

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20190127.aspx

https://home.treasury.gov/news/press-releases/sm592

The former majority owner of the companies, Oleg Deripaska, remains on the SDN List however and any transactions directly with him should be avoided.

As always, Members with specific questions concerning these measures and any other sanctions matters should contact the Managers.

 

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