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November 04, 2018 by Staff
Following the promises made this summer to US government regulators, U.C. Rusal's parent company, En + Group, announced Friday that founder, Oleg Deripaska, had handed over the reins of the company to a successor.
In a brief press release issued on Friday, the company announced that this decision was part of a larger initiative, dubbed "Barker Plan", set up several days after the company and Deripaska had been appointed by the Trump administration for mischief and malignant interference around the world.
"These management changes are in line with the Barker Plan and the improved governance structures that it will put in place," the company said in its statement.
In place of Deripaska, Vladimir Kiriukhin is appointed Managing Director and Vyacheslav Solomin, Chief Operating Officer of the group. Their appointments to their respective offices took effect as of last Thursday.
"The company continues to focus on the implementation of the Barker Plan and is preparing for it. She will make other announcements as soon as possible, "continued the company.
Rusal, En + Group and Deripaska are all part of a group of leading Russian companies and businessmen sanctioned in April of this year by the Office of Foreign Assets Control (FOCA) of the US Treasury Department. United States. According to OFAC, the designated parties engaged in "malicious activities" around the world, intended to disrupt the governments of several countries. OFAC alleges that one of these cases involves interference in the 2016 presidential election in the United States.
Since the announcement of its designation, Rusal has experienced significant difficulties and disruptions in its day-to-day operations, the threat of sanctions making it difficult to find suppliers and buyers for its various business activities, including the Imposing refinery of alginine of Auginish. In addition, the company's long-term business is likely to suffer from the immediate lifting of sanctions, which made sales contracts for next year and beyond extremely difficult.
On April 27, the En + group set up the Barker Plan, named in honor of its chairman and former UK Minister of Energy and Climate Change, Gregory Barker, and strives to since to implement it. In + also stated that the proposal to re-establish Jersey operations in Cyprus would not be carried out.
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