US democrats worried about lifting sanctions from RUSAL - Metals & Mining - 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

US democrats worried about lifting sanctions from RUSAL

WASHINGTON, Jan 30 (PRIME) Ц The Democrats in the U.S House of Representatives are concerned with the TreasuryТs decision to lift sanctions from companies formerly controlled by Russian tycoon Oleg Deripaska, and are working on measures to prevent these steps in the future, chairpersons of four HouseТs committees said in a joint letter late on Tuesday.

In April, the U.S. imposed sanctions against 38 Russian tycoons, government officials and companies, including Oleg Deripaska and companies he controlled Ц En+ Group, aluminum giant UC RUSAL, and power producer EuroSibEnergo. Earlier in January, Deripaska transferred control over the companies, and his representatives were removed from their board of directors, and the Treasury lifted the sanctions on January 27.

The U.S. Congress is worried whether the lifting was justified. The House of Representatives passed a resolution on a mandatory discussion of the move, but the SenateТs vote on the matter failed and the TreasuryТs decision came into force.

УWe are considering additional legislative actions to ensure that the Treasury and these companies comply with the agreement in letter and in spirit, and to prevent something like this from happening again in the future,Ф chairpersons of the House Ways and Means, Foreign Affairs, Intelligence and Financial Services committees said in their joint statement.

They also expressed doubt that the agreement between Deripaska and the Treasury on ownership over these companies is an adequate measure.

End

30.01.2019 08:43
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 75.2492 +0.2021 16 feb
USD 66.7044 +0.1615 16 feb
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1179.34 +0.16 11:39 18 feb
micex 2479.76 -0.42 11:39 18 feb
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 159.32 +0.18 11:20 18 feb
lkoh 5432.50 +0.12 11:20 18 feb
rosn 406.05 +0.63 11:20 18 feb
sber 207.09 -0.44 11:20 18 feb
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 74.8400 -0.3400 11:22 18 feb
USDTD 66.5875 -0.3200 17:44 15 feb