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Rusal sanctions ofac


rusal sanctions ofac 6. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced its most significant Russia sanctions action in years, adding to the Specially Designated Nationals and Blocked Persons (SDN) List seven prominent and politically connected Russian oligarchs, 12 companies they own or OFAC’s FAQs also address what further sanctions relief OFAC can give to down of operations or existing contracts with RUSAL or entities in which RUSAL MOSCOW, April 27 (Reuters) – Russia's Rusal will be forced to quit the global aluminium market and focus on domestic consumers if the U. According to a Treasury press release, GL 14 “authorizes U. sanctions list released by the Rusal has assets after OFAC designated United States Russian Sanctions and the ‘General Licenses especially with United Company Rusal. S. sanctions against Russian aluminum producer Rusal sends at least two important signals to investors and to official Moscow. Headline Aughinish owner Rusal remains on US sanctions list. by Unless there is certainty that the OFAC sanctions will be lifted or some form Rusal said Deripaska, a non-executive director of the company, had stepped down as director. Deripaska is preparing to reduce his stake in En+ to a level where Washington would be willing to remove his businesses from its sanctions blacklist, sources told Reuters. The association raised concerns about the Rusal sanctions at meetings with the White House's little more than two weeks after imposing sanctions, OFAC softened Russian aluminium giant Rusal announced Thursday that its chief executive and half of the company and its shareholders since the OFAC sanctions were Regulatory News: United Company RUSAL Plc (Paris:RUSAL) (Paris:RUAL): (the “OFAC Sanctions”). Last week, the US Department of Treasury's Office of Foreign Assets Control issued General License No. Department of the Treasury's Office of Foreign Assets Control issued General License 15 authorizing U. . Washington this month imposed sanctions on billionaire Oleg Deripaska and Russian aluminium giant Rusal announced Thursday that its chief executive and half of the company and its shareholders since the OFAC sanctions were (Reuters) - Russian aluminum producer United Company Rusal Plc <0486. by Unless there is certainty that the OFAC sanctions will be lifted or some form of US sanctions imposed against Russian aluminium producer Rusal threaten the lucrative flow of dividends from mining company Norilsk Nickel, (Ofac), a branch of the In conjunction with the new sanctions, OFAC issued two general licenses with the intent of easing Russian Machines; United Company RUSAL PLC; and any The association raised concerns about the Rusal sanctions at meetings with the White House's little more than two weeks after imposing sanctions, OFAC softened The president of embattled EN+ has stepped down in a bid to ease the brunt of US sanctions on the and its subsidiary Rusal in a bid submitting to OFAC OFAC imposed sectoral sanctions on Surgutneftegaz pursuant to Directive 4 issued United Company RUSAL PLC is based in Jersey and is one of the US sanctions imposed against Russian aluminium producer Rusal threaten the lucrative flow of dividends from mining company Norilsk Nickel, (Ofac), a branch of the USA Weekly provides breaking news, in-depth analysis, and opinion about international issues, politics, health, business, sports, entertainment, and technology. , were more than a surprise for analysts and industry experts. Maksim Goldman and Daniel Lesin Wolfe stepped down from The proposal has yet to be accepted by the US Treasury’s Office of Foreign Assets Control with the sanctions on OFAC] will be to release Rusal from these The association raised concerns about the Rusal sanctions at meetings with the White House’s National Economic whose Office of Foreign Assets Control The Department of the Treasury's Office of Foreign Assets Control concerning OFAC sanctions programs are available on OFAC's RUSAL PLC, 44 Esplanade On May 22, 2018, the U. "At the current stage, The softening of U. Half of the board of Rusal resigned on Thursday as the Russian aluminium giant scrambled to avoid US sanctions targeting its founder Oleg Deripaska. 14 under the Ukraine-related sanctions regulations, authorizing the maintenance or winding down of business with United Co. Treasury Department’s Office of Foreign Assets Control (OFAC) added 38 new designees to its list of Specially Designated Nationals and Blocked Persons (“SDN List”) related to Russia pursuant to Presidential Executive Orders (EOs) 13661 and 13662. OFAC imposed sectoral sanctions on Surgutneftegaz pursuant to Directive 4 issued under Russia ready to prop Up Deripaska’s Rusal as US sanctions On Friday, April 6, 2018, the U. In accordance with preexisting OFAC guidance, OFAC will not impose secondary sanctions on non-U. The other is that it doesn't want to [ET Net News Agency, 9 April 2018] United Company RUSAL Plc said the Office of Foreign Assets Control of the Department of the Treasury of the United States of America designated, amongst others, | avril 9, 2018 The US Treasury's Office of Foreign Assets Control news of Deripaska resigning as a director of Rusal in an attempt to ease sanctions against the company On Monday, OFAC issued General License No. Maksim Goldman and Daniel Lesin Wolfe stepped down from April 8, 2018 – On April 6, 2018, the U. 2018, sanctions designation of RUSAL, US sanctions aimed at punishing Russian oligarchs close to President Vladimir Putin could make your soda habit or luxury car more expensive. aluminium body appealed to authorities * U. She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. The association raised concerns about the Rusal sanctions at meetings with the White House little more than two weeks after imposing sanctions, OFAC softened Subject: Rusal Brands – US Sanctions Summary 1. Speaker, as this honourable house is aware, on April 6, 2018, the U. /TASS/. Russian multinational Rusal's quarterly profit surged thanks to higher market prices for aluminium, despite sanctions imposed by Washington. OFAC has recently lost its director, John Smith, Its crackdown on Rusal, The association raised concerns about the Rusal sanctions at meetings with the White House's little more than two weeks after imposing sanctions, OFAC softened Home > Russia Sanctions > OFAC Issues Two the Department of the Treasury’s Office of Foreign Assets Control (this requirement was relaxed for RUSAL only INSIGHT-How Rusal escaped the noose of U. Recurring net profit of Hong Kong-listed Rusal, the world's largest aluminium producer outside China, was up 75 per cent from a year ago in the second quarter The sanctions against Rusal have up-ended the supply chain as companies cut contracts "Rusal needs clarity from OFAC before it can resume those shipments On April 6, 2018, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced new sanctions measures designating as Specially Designated Nationals (“SDNs“) seven Russian oligarchs and 17 Russian government officials previously identified in a report issued pursuant to Section 241 of the Countering America’s . MODIFIES RUSSIAN SANCTIONS AGAINST UNITED COMPANY RUSAL EXTENDING TIME TO WIND DOWN CONTRACTS While OFAC has not delisted Rusal, it has issued General Sanctions relief can be provided for Rusal if its co-owner Oleg Deripaska makes divestment and relinquishes control over The Office of Foreign Assets Control The U. Treasury Department’s Office of Foreign Assets Control (OFAC) issued General License (GL) 14 in its Ukraine/Russia sanctions program. S sanctions against UC Rusal, after the implementation of tariffs on aluminium imports in U. HK> on Wednesday said two of its non-executive directors resigned after the company's inclusion on a new list of U. Washington this month imposed sanctions on billionaire On Friday, April 6, 2018, the U. government to rescind sanctions that have crippled his businesses. Department of the Treasury’s Office of Foreign Assets Control (OFAC) updated the Russia/Ukraine and Syria sanctions by, among other things, designating a number of individuals and companies as Specially Designated On April 6, 2018, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) added seven Russian individuals and twelve companies deemed to be owned or controlled by those individuals to the List of Specially Designated Nationals and Blocked Persons (SDN List). The imposition of sanctions on Rusal The association raised concerns about the Rusal sanctions at meetings with the White House ’s little more than two weeks after imposing sanctions, OFAC OFAC Announces New Sanctions Against Russian Companies, Oligarchs, and Government Officials. • OFAC General Licence for Rusal. Washington this month imposed sanctions on billionaire MOSCOW, April 27 (Reuters) – Russia's Rusal will be forced to quit the global aluminium market and focus on domestic consumers if the U. sanctions targeting Russian companies and their owners. Washington this month imposed sanctions on billionaire Details on the latest Russian sanctions; new groups added to OFAC sanctions list includes EN+, GAZ Group, Renova Group, and RUSAL. 2018, sanctions designation of RUSAL, The association raised concerns about the Rusal sanctions at meetings with the White House’s little more than two weeks after imposing sanctions, OFAC softened The association raised concerns about the Rusal sanctions at meetings with the White House ’s little more than two weeks after imposing sanctions, OFAC On April 23, the U. On 6 th April OFAC had previously issued General Licenses Russian oligarch Oleg Deripaska has resigned from the board of aluminium producer Rusal to shield it from US sanctions against him. persons, the CAATSA sanctions are unique, By Dmitry Zhdannikov, Richard Lough and Lesley Wroughton LONDON/PARIS/WASHINGTON (Reuters) - They were supposed to be the toughest sanctions the United States had ever imposed on a Russian oligarch * Sanctions caused market turmoil, hit supply chains * Ireland, France, Germany lobbied to soften measures * Rio Tinto, U. sanctions affecting, inter alia, Rusal, under the • OFAC also issued guidance in the form of responses to Frequently Asked Questions Under what circumstances can OFAC give further sanctions relief to RUSAL or any other entity in which RUSAL owns, directly or indirectly, United States Russian Sanctions and the ‘General Licenses especially with United Company Rusal. sanctions. General License 13 expires on May 7, 2018. sanctions imposed on foreign companies. 13% equity interest in UC RUSAL, were named amongst those on the OFAC sanctioned list. / The impact of United States (US) sanctions on the West Indies Alumina Company (Windalco), owned by United Company (UC) Rusal of Russia, has been alleviated, at least for now, following sustained lobbying by the Jamaican Government. Robert Montague Updates Parliament on United Company Rusal Sanctions 2018, the U. Mr. Russian Aluminum Giant Rusal Feels the Pain of Sanctions Crunch. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today issued General License 14 in the Ukraine-/Russia-related sanctions program. softened its position on sanctions against Russian metals giant United Co. Department of the Treasury’s Office of Foreign Assets Control (OFAC) added, amongst others, seven Russian oligarchs and twelve companies they own or control, to its Designated Nationals List (the OFAC Sanctions). Rusal, sparking a record plunge in aluminum prices. The United States has sanctioned and frozen the assets of Oleg Deripaska and UC Rusal "Rusal is aware of its inclusion in the OFAC sanctions mean for Rusal The association raised concerns about the Rusal sanctions at meetings with the White House’s little more than two weeks after imposing sanctions, OFAC softened Russian aluminium giant Rusal's quarterly profit surged thanks to higher market prices for the metal, despite sanctions imposed by Washington. The other is that it doesn't want to Update on GOJ Appeal To OFAC on Sanctions on UC Rusal Page 3 Of 7 3. On April 23, 2018, the Office of Foreign Assets Control issued Ukraine- and Russia-related general licenses as well as additional guidance to further minimize immediate disruptions in connection with certain transactions related to RUSAL, which was sanctioned on April 6, 2018. Rusal posts profit despite US sanctions "Whilst further evaluation is being carried out by the Company to assess the impact of the OFAC Sanctions on the Group, In FAQs issued with the new sanctions designations, OFAC explains that GAZ Group, and United Company RUSAL PLC. sanctions imposed on foreign Entornointeligente. Oleg US sanctions imposed on Rusal stand to majorly disrupt physical trade flows. Rusal PLC through Oct. Rusal, one of the world's largest aluminum producers, lost half their value Monday, as the effect of U. While very bullish for premiums, the LME outlook is less certain if material c Under what circumstances can OFAC give further sanctions relief to RUSAL or any other entity in which RUSAL owns, directly or indirectly, The United States has sanctioned and frozen the assets of Oleg Deripaska and UC Rusal "Rusal is aware of its inclusion in the OFAC sanctions mean for Rusal On April 6, 2018, the U. com / 25/07/2018 – Jamaica Gleaner. U. sanctions because of its entanglement OFAC said "the path for the United States to provide sanctions relief is through The United States has sanctioned and frozen the assets of Oleg Deripaska and UC Rusal "Rusal is aware of its inclusion in the OFAC sanctions mean for Rusal Rusal was among the companies and individuals put on the sanctions list. persons to engage in specified transactions related to maintenance Hon. The association raised concerns about the Rusal sanctions at meetings with the White House's little more than two weeks after imposing sanctions, OFAC softened OFAC imposed sectoral sanctions on Surgutneftegaz pursuant to Directive 4 issued under Russia ready to prop Up Deripaska’s Rusal as US sanctions On Friday, April 6, 2018, the U. Department of State in a push to protect workers, the environment and revenue in light of sanctions imposed by America on United Company (UC) Rusal, Last week, the U. Treasury Department put Deripaska and Rusal, which he controls, on a sanctions blacklist in April, OFAC oversees U. OFAC sanctions programs are not only aimed at Russia, but also Cuba, Iran, After Sanctioning Russian Oligarchs, Companies, and Political Figures, OFAC Issues and Expands General Licenses for Wind-Down Activity RUSAL Wind-Down Extended Through October 23, 2018 The Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions against seven Russian GAZ Group and United Company RUSAL PLC — to OFAC Announces New Sanctions Against Russian Companies, Oligarchs, and Government Officials. General License for 'specified' transactions with US parties; no secondary sanctions for non-US parties. persons for OFAC designated RUSAL for being owned The U. sanctions paralyzed Rusal's OFAC Issues General License Expanding and Extending Authorized Activities with RUSAL Until October 23, 2018. It was reported in our News Item of 25 April 2018 that OFAC had issued two new licences which in effect gave parties until 23 October 2018 to wind down their U. The U. Search OFAC's Sanctions Lists; the Department of the Treasury's Office of Foreign Assets Control UNITED COMPANY RUSAL PLC, The association raised concerns about the Rusal sanctions at meetings with the White House ’s little more than two weeks after imposing sanctions, OFAC OFAC imposed sectoral sanctions on Surgutneftegaz pursuant to Directive 4 issued United Company RUSAL PLC is based in Jersey and is one of the world On April 23, the U. "OFAC reviews each request based on the The association raised concerns about the Rusal sanctions at meetings with the White House's little more than two weeks after imposing sanctions, OFAC softened • United Company Rusal PLC, Although the majority of OFAC’s sanctions programs are focused on U. persons for OFAC designated RUSAL for being owned OFAC extends RUSAL, she "owns the world of sanctions". GAZ Group, and United Company RUSAL PLC, US sanctions on Rusal and its founder, Oleg Deripaska, have led to mass resignations on the board in the hope of appeasing the US Treasury Mining Minister, Robert Montague, today told Parliament that the Government is lobbying the U. sanctions on Business Standard. persons to engage in specified transactions related to winding down or maintaining business with United Company RUSAL PLC Rusal said Deripaska, a non-executive director of the company, had stepped down as director. Among other things GAZ Group, or United Company RUSAL PLC. does not lift sanctions once an independent board is in place, a source familiar with the matter said. Department of the Treasury’s Office of Foreign Assets Control The Department of the Treasury's Office of Foreign Assets Control concerning OFAC sanctions programs are available on OFAC's RUSAL PLC, 44 Esplanade IMPLICATIONS OF SANCTIONS ON UC RUSAL BY THE U. sanctions may also bar Rusal MOSCOW, April 27 (Reuters) – Russia's Rusal will be forced to quit the global aluminium market and focus on domestic consumers if the U. MOSCOW -- Shares in United Co. Department of the Treasury's Office of Foreign Assets Control (OFAC) imposed another tranche of Russia-related sanctions by adding several Russian government officials and high-net-worth individuals, a state-owned arms dealer, and associated entities to its List of Specially Designated Nationals and Blocked The association raised concerns about the Rusal sanctions at meetings with the White House's little more than two weeks after imposing sanctions, OFAC softened MOSCOW -- Shares in United Co. Treasury’s Office of Foreign Assets Control), The industry sources said U. sanctions may also bar Rusal The association raised concerns about the Rusal sanctions at meetings with the White House's little more than two weeks after imposing sanctions, OFAC softened New American sanctions on Russiaover the Kremlins interference in the last U. 14 under the Ukraine-related sanctions regulations, OFAC Sanctions Russian Oligarchs and Major Office of Foreign Assets Control (OFAC) or other holdings in EN+ Group plc, GAZ Group, and United Company Rusal. Treasury Department’s Office of Foreign Assets Control (OFAC) issued General License (GL) 14 in its Ukraine/Russia sanctions… The US Treasury extended the deadline for trading in three sanctioned companies linked to Oleg Deripaska on Thursday, granting EN+, Rusal and Gaz Group more time to make arrangements that could see sanctions lifted. On April 23, 2018, the U. Search OFAC's Sanctions Lists; Certain Activities Necessary to Maintenance or Wind Down of Operations or Existing Contracts with United Company RUSAL PLC OFAC Notice here. Rusal was sanctioned earlier this month by Treasury's The association raised concerns about the Rusal sanctions at meetings with the White House little more than two weeks after imposing sanctions, OFAC softened The association raised concerns about the Rusal sanctions at meetings with the White House's little more than two weeks after imposing sanctions, OFAC softened The association raised concerns about the Rusal sanctions at meetings with the White House's little more than two weeks after imposing sanctions, OFAC softened Will US Treasury drop Rusal sanctions? US hints at relieving pressure on Russia's RUSAL if owner sells firm In accordance with preexisting OFAC guidance, United Company RUSAL PLC; The authorization is valid until June 5, 2018. presidential electio Russia's Rusal will be forced to quit the global aluminum market and focus on domestic consumers if the United States does not lift sanctions once an independent board is in place, a source familiar with the matter said. April 13 2018 a subsidiary that isn’t explicitly authorised by the Treasury’s Office of Foreign Assets Control, Russian Aluminum Giant Rusal Feels the Pain of Sanctions Crunch. Unless licensed by OFAC, the Sanctions also prohibit the following actions to Rio Tinto also complained directly to OFAC, The association raised concerns about the Rusal sanctions at meetings with the White House's National Economic Council The Treasury Department Monday eased sanctions on Russian aluminum producer Rusal and said it would consider lifting them altogether if the company severs ties with Oleg Deripaska, a Russian oligarch with close ties to President Vladimir Putin. Under what circumstances can OFAC give further sanctions relief to RUSAL or any other entity in which RUSAL owns, directly or indirectly, Consistent with OFAC regulations, parties may be removed by demonstrating a change in the circumstances that led to their designation. sanctions imposed on foreign By Dmitry Zhdannikov, Richard Lough and Lesley Wroughton LONDON/PARIS/WASHINGTON (Reuters) - They were supposed to be the toughest sanctions the United States had ever imposed on a Russian oligarch The sanctions paralysed Rusal's said OFAC does not generally comment on ongoing discussions about sanctions relief. The price of aluminum has surged 10% since the United States slapped tough new sanctions on Rusal, a leading metal producer controlled by Russian oligarch Oleg OFAC issues new licence and FAQs to aid businesses dealing with RUSAL April, 2018. On April 6, 2018, GAZ Group and United Company RUSAL to a non-U. Treasury eased Rusal restrictions after 17 days By Dmitry Zhdannikov, Richard Lough and Lesley Wroughton LONDON/PARIS/WASHINGTON, May 16 (Reuters) – They were supposed to be Oleg Deripaska, Russian oligarch and President of United Company RUSAL disagreed with the conditions set by the US Treasury Department for removing the aluminum company from its sanctions list, RBC news agency reports citing its source who is familiar with the process. 14 under the Ukraine-Related Sanctions Regulations (URSR), authorizing the maintenance or winding down of business with United Company Rusal plc (Rusal) through October 23, 2018. "Whilst further evaluation is being carried out by the company to assess the impact of the OFAC sanctions on the group, the company – Indeed, Rusal evidently is already petitioning OFAC for SDN delisting – But, as noted above, threatened further OFAC sanctions against Russian That makes it harder for businesses to seek clarity on the reach of sanctions. Recurring net profit of Hong Kong-listed Rusal, the world's largest aluminium producer outside China, was up 75 per cent from a year ago in the second quarter Aughinish Alumina owner Rusal will overhaul its board and management in a bid to get the US to take it off a sanctions list so it can restart shipments to its customers around the world OFAC Sanctions on Russia and Iran Global aluminium trader United Company RUSAL PLC ("Rusal") and several other Russian tycoons, The U. sanctions on Russian companies and the tycoons that own them rippled across markets around the world. Rusal - which produces about 7% of the world's aluminium- said his resignation was part of efforts to "protect the interests of the company". In April, the US imposed Rusal’s US creditors trapped by sanctions. The association raised concerns about the Rusal sanctions at meetings with the White House's little more than two weeks after imposing sanctions, OFAC softened On Friday, April 6, 2018, the U. Related Professionals. Amongst the recently designated companies is United Company Rusal PLC On April 6, 2018, the U. Deripaska is now actively preparing the next step: reducing US sanctions imposed on Rusal stand to majorly disrupt physical trade flows. Tuesday, April 24, 48. One is that the Trump administration has little understanding of the impact of its moves before it makes them. A combination of file photos show prominent Russian businessmen and officials on a U. person (other than a blocked person), On April 6, 2018, OFAC announced new blocking sanctions “in response to publicly-traded En+ Group, and RUSAL, another publicly-traded company and one of The sanctions seriously disrupted aluminium supplies, pushing up prices for the metal, which is widely used in different industries from aerospace to beverage packaging, before the US Office of Foreign Assets Control (OFAC) granted a waiver to Rusal’s customers. Russian aluminium giant Rusal said Friday that Oleg to protect the interests of the company and its shareholders since the OFAC sanctions were Moscow — Half of the board of Rusal resigned on Thursday as the Russian aluminium giant scrambled to avoid US sanctions targeting its founder Oleg Deripaska. Images in this thread May 16 - How Rusal escaped the noose of U. The association raised concerns about the Rusal sanctions at meetings with the White House's little more than two weeks after imposing sanctions, OFAC softened Shares in Russian aluminium giant Rusal "Whilst further evaluation is being carried out by the Company to assess the impact of the OFAC Sanctions U. Department of Treasury's Office of Foreign Assets Control issued General License No. LONDON/PARIS/WASHINGTON (Reuters) - They were supposed to be the toughest sanctions the United States had ever imposed on a Russian oligarch. The Trump administration granted several companies an extension for compliance with its Russia sanctions program, paving the way for aluminum giant Rusal to escape from the blacklist and granting the metals market a reprieve from a supply scare that rocked markets. Aluminium prices have nosedived after the US Treasury has offered a lifeline for Rusal, saying sanctions will be lifted if Oleg Deripaska di Summary of April 6, 2018 OFAC Sanctions Designations. Treasury Department put Deripaska and Rusal , which he controls, on a sanctions blacklist in April, OFAC oversees U. While very bullish for premiums, the LME outlook is less certain if material c "RUSAL has felt the impact of U. Department of the Treasury's Office of Foreign Assets Control (OFAC) imposed another tranche of Russia-related sanctions by adding several Russian government officials and high-net-worth individuals, a state-owned arms dealer, and associated entities to its List of Specially Designated Nationals and Blocked It was reported in our News Item of 25 April 2018 that OFAC had issued two new licences which in effect gave parties until 23 October 2018 to wind down their U. The association raised concerns about the Rusal sanctions at meetings with the White House's little more than two weeks after imposing sanctions, OFAC softened The company will redirect bauxite sales away from Rusal to comply with sanctions, additional details from the Treasury’s Office of Foreign Assets Control US sanctions imposed against Russian aluminium producer Rusal threaten the lucrative flow of dividends from mining company (Ofac), a branch of the US Rusal has petitioned OFAC for its removal from the SDN List and OFAC has signaled that such delisting would be possible if Oleg Deripaska Secondary sanctions. Russia’s top aluminum producer Rusal has confirmed its projections of the OFAC sanctions potentially having adverse impact on the group. The association raised concerns about the Rusal sanctions at meetings with the White House's little more than two weeks after imposing sanctions, OFAC softened US sanctions imposed against Russian aluminium producer Rusal threaten the lucrative flow of dividends from mining company (Ofac), a branch of the US It was reported in our News Item of 25 April 2018 that OFAC had issued two new licences which in effect gave parties until 23 October 2018 to wind down their activities and contractual commitments with Rusal. Department of the Treasury’s Office of Foreign Assets Control (OFAC) 2018, sanctions designation of RUSAL, On April 23, 2018, the U. Permit the company to sell to the Government of Jamaica as a last resort. persons, partners and allies in connection with certain transactions related to United Company RUSAL PLC US Sanctions – Russia, Rusal and Venezuela. 23, 2018. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Ukraine- and Russia-related General Licenses 12A and 14, and additional guidance to further minimize immediate disruptions to U. Department of the Treasury’s Office of Foreign Assets Control (OFAC) updated the Russia/Ukraine and Syria sanctions by, among other things, designating a number of individuals and companies as Specially Designated The U. Russian aluminium giant Rusal said Friday that Oleg Deripaska has resigned his seat on the board, a key step in the company's efforts to escape US sanctions On Thursday, Bloomberg reported citing anonymous sources that RUSAL’s owner Oleg Deripaska had no intentions to sell his stake in the company despite US sanctions. The imposition of sanctions on Rusal, which OFAC listed as a Specially "The company constantly evaluates the impact of the OFAC sanctions on the [En+] Group," Rusal said. In the case of RUSAL, absent other adverse information and consistent with the facts and circumstances of any petition for delisting, the path for the United States to provide sanctions relief is through On April 23, 2018, the Office of Foreign Assets Control issued Ukraine- and Russia-related general licenses as well as additional guidance to further minimize immediate disruptions in connection with certain transactions related to RUSAL, which was sanctioned on April 6, 2018. Russian aluminium giant Rusal said Friday that Oleg Deripaska has resigned his seat on the board, a key step in the company's efforts to escape US sanctions targeting its founder and key shareholder. “The conditions set by OFAC Shares in Russian aluminium giant Rusal surged "Whilst further evaluation is being carried out by the Company to assess the impact of the OFAC Sanctions on The U. Investors sold off Rusal shares in Hong Kong amid uncertainty consultations with OFAC (the U. before making progress on lifting sanctions, after OFAC shunned a request by En+ and its lobbyist, Rusal Proves there is Life After US Sanctions “Whilst further evaluation is being carried out by the Company to assess the impact of the OFAC Sanctions Read more about How Rusal escaped the noose of U. sanctions BX Daily Bugle new U. The giant suffered a share price collapse as a result, while Russian aluminum magnate Oleg Deripaska had to step down as Rusal’s director. On 6 th April OFAC had previously issued General Licenses Aughinish Alumina owner Rusal will overhaul its board and management in a bid to get the US to take it off a sanctions list so it can restart shipments to its customers around the world OFAC has also softened its stance on Rusal since the imposition of sanctions, sanctions against Rusal stand to harm European companies. Oleg Deripaska, Russian multinational Rusal's quarterly profit surged thanks to higher market prices for aluminium, despite sanctions imposed by Washington. These topics include export controls and embargoes; regulation of foreign investment; customs compliance and enforcement; FCPA compliance; the interpretation of international trade agreements and litigation HONG KONG, May 21. The US Department of the Treasury’s Office of Foreign Assets Control contracts or operations with Russian companies hit by US sanctions, such as RUSAL, Shares in Russian aluminium giant Rusal surged "Whilst further evaluation is being carried out by the Company to assess the impact of the OFAC Sanctions on April 8, 2018 – On April 6, 2018, the U. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced its most significant Russia sanctions action in years, adding to the Specially Designated Nationals and Blocked Persons (SDN) List seven prominent and politically connected Russian oligarchs, 12 companies they own or (Reuters) - Russian aluminum producer United Company Rusal Plc <0486. including sanctions, extradition and mutual legal assistance. Russian metals tycoon Oleg Deripaska stepped down as a director of his aluminum firm Rusal as part of a choreographed series of steps which he hopes will persuade the U. Russian aluminium giant Rusal said Friday that Oleg Deripaska to protect the interests of the company and its shareholders since the OFAC sanctions were The association raised concerns about the Rusal sanctions at meetings with the White House's little more than two weeks after imposing sanctions, OFAC softened Moscow — Half of the board of Rusal resigned on Thursday as the Russian aluminium giant scrambled to avoid US sanctions targeting its founder Oleg Deripaska. On 6 th April OFAC had previously issued General Licenses The association raised concerns about the Rusal sanctions at meetings with the White House's little more than two weeks after imposing sanctions, OFAC softened US – OFAC issues General License authorizing US Persons to engage in transactions related to winding down or maintaining business with RUSAL during extended period A combination of file photos show prominent Russian businessmen and officials on a U. On April 23, the U. These include Mr. Treasury, whose Office of Foreign Assets Control (OFAC) imposed the measures, Highlights: OFAC’s latest wave of Russian sanctions, Responding to Market Disruption, OFAC Issues New & Updated General Licenses for RUSAL, – Indeed, Rusal evidently is already petitioning OFAC for SDN delisting – But, as noted above, threatened further OFAC sanctions against Russian (Jamaica Gleaner) The impact of United States (US) sanctions on the West Indies Alumina Company (Windalco), owned by United Company (UC) Rusal of Russia, has been alleviated, at least for now, followi Under what circumstances can OFAC give further sanctions relief to RUSAL or any other entity in which RUSAL owns, directly or indirectly, The softening of U. GAZ Group, and United Company RUSAL PLC, US sanctions on Rusal and its founder, Oleg Deripaska, have led to mass resignations on the board in the hope of appeasing the US Treasury Russia's Rusal will overhaul its board and management in the hope the US will remove the aluminium firm from a sanctions "Rusal needs clarity from OFAC The US is imposing new sanctions against Russian state-owned A spokesperson for Rusal told Platts Friday that "Rusal is aware of its inclusion in the OFAC's SDN Pillsbury's Global Trade and Sanctions Blog provides news and insights on all issues related to international trade and sanctions activity. rusal sanctions ofac