US: Cut of Deripaska’s En+ stake may not lead to lift of sanctions
WASHINGTON, Apr 28 (PRIME) -- Decreasing businessman Oleg Deripaska’s ownership in Russian multi-industry holding En+ Group will not inevitably lead to exclusion of the company from the sanctions list, a representative of the U.S. Department of Treasury told PRIME late on Friday.
The Office of Foreign Assets Control (OFAC) analyses facts and grounds for exclusion from the Specially Designated Nationals (SDN) list thoroughly in each case and does not project the results publicly, the person also said.
En+ Group said earlier that Deripaska agreed to cut his stake in En+ Group to below 50% and to leave the board of directors.
On April 6, the U.S. imposed sanctions against 38 Russian tycoons, officials and companies including Deripaska.