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U. S. Treasury Revised The List Of Sanctions Against Russia Aluminum
May 03, 2018

The Trump administration revised its sanctions plan on Russia on Tuesday to pave the way for the aluminum giant, Russia aluminum, to escape the blacklist and to ease the supply panic of the metal market, which last month had a big shock.

In the face of this week's threat from the London Stock Exchange, EN+ group, the Russian Aluminum owner, sought an amnesty later last week to the US Treasury to promise that its major shareholder, Oleg Deripaska, one of the main targets of U. S. sanctions, will reduce its shares and give up the board of the board.

On Tuesday night, the US Treasury agreed to postpone the implementation of sanctions against EN+ and several other companies, providing time for EN+ to implement the plan.

The price of aluminium has risen sharply in the past few weeks, because the initial sanctions in early April may make the market lose a major supplier. But with the fall in aluminium prices, the US Treasury Department began sending a signal to avoid sanctions.