US wants full discharge of Deripaska from RUSAL, En+
WASHINGTON, Aug 21 (PRIME) -- The U.S. Department of the Treasury does not plan to lift sanctions from Russian aluminum giant UC RUSAL, it wants tycoon Oleg Deripaska to cease control over RUSAL and En+ Group fully, representative of the authority Marshall Billingslea testified at the U.S. Senate on Tuesday.
The official added that the department is far from reducing pressure on Russia, but is increasing it.
Sigal Mandelker, Under Secretary of the Treasury for Terrorism and Financial Intelligence, said that Deripaska lost around 50% of his fortune as a result of the U.S. sanctions introduced against 38 Russian tycoons, officials and companies in April.
According to the treasury’s report, banking accounts of Deripaska and Russian businessman Viktor Vekselberg, the owner of Renova Group, were frozen in Cyprus on the back of the sanctions.