The US Treasury Department has decided to lift the sanctions against the Russian oligarch

The US Treasury Department has decided to exclude Oleg Deripaska from the list of sanctions "Rusal"

The oligarch himself will be subject to sanctions, reports the BBC on the control of foreign assets (OFAC) a informed Wednesday Congress of the decision to lift the sanctions of the group of companies En +, Rusal and Eurosibenergo OJSC, said the US Minfin.

In the message of the FOCA, the share of Deripaska in En + will pass from 70% to 44.95% and the sanctions will be suspended for 30 days.

"We emphasize that Deripaska will remain in the list of sanctions," the statement said. [19659005] Read also The Russian company Rusal can declare a technical defect related to the sanctions imposed by the United States [1945] 9010]

One of the potential holders of the Deripaska package at En + could become the Russian bank VTB or another financial institution not on the list. Sanctions (SDN-list), specifies the OFAC. The shareholder will have to hand over a shareholder to a charity fund.

OFAC reserves the right to return to the lists of sanctions associated with Deripaska if they violate the conditions to which they agreed to withdraw from the sanctions.

Deripaska and its eight assets, including the Russian aluminum manufacturer, were listed on the sanctions list of the US Department of Finance on April 6.

The same month, the US Department of Finance said it was ready to lift Rusal's sanctions if Deripaska lowered his stake in the company. control (the share of Deripaska in En + is 66.08%, through this company, it owns 48.13% in Rusal). In addition, the company should have contacted the OFAC to ask it to exclude the lists of sanctions.

En + was informed shortly that Deripaska had agreed to reduce its stake in En + to less than 50%. This was suggested to him by the independent chairman of the board, En + Lord Gregory Barker, according to the company's documents.