En+ Group asks for temporary US sanctions suspension - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

En+ Group asks for temporary US sanctions suspension

MOSCOW, Jul 25 (PRIME) -- En+ Group is asking the U.S. to suspend the sanctions against the holding until it completes a plan elaborated by Chairman of the Board of Directors Greg Barker, the condition for a full sanctions removal, according to a statement released Wednesday by Mercury representing En+ GroupТs interests.

Mercury said that suspension of the sanctions on August 5 or earlier would allow En+ Group to introduce independent directors to En+GroupТs board and reduce the stake of businessman Oleg Deripaska below 50%.

The Barker plan also includes conversion of a Glencore stake in RUSAL into an En+ GroupТs interest.

The U.S. Treasury imposed sanctions against billionaire Oleg Deripaska and eight companies in which he is a large shareholder, including RUSAL, in April in response to what it called Уmalign activitiesФ by Russia.

End

25.07.2018 13:52
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 74.9022 -0.6336 17 nov
USD 65.9931 -0.6228 17 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1134.93 +0.34 18:50 16 nov
micex 2372.67 -0.37 18:50 16 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 153.16 -0.64 18:49 16 nov
lkoh 4824.00 -0.62 18:49 16 nov
rosn 420.85 -0.80 18:49 16 nov
sber 199.26 -0.44 18:49 16 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 74.9025 -0.2975 14:59 16 nov
USDTD 65.7225 -0.8775 17:44 16 nov