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Trump Lifts Rusal, En+ Sanctions as Glencore Shuffles Stake

Trump Lifts Rusal, En+ Sanctions as Glencore Shuffles Stake
Image by World Economic Forum

The U.S. Treasury Department lifted sanctions on three firms tied to Russian tycoon Oleg Deripaska, including United Co. Rusal, a move that will provide relief to the global aluminum market. The metal fell in London.

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Deripaska, an ally of Russian leader Vladimir Putin, will remain under U.S. sanctions, and his property will remain blocked. But the Treasury Department is removing restrictions on Rusal, En+ Group Plc and EuroSibEnergo JSC…

To read more visit Bloomberg.

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