Tuesday, 16 October, 2018

Deripaska Steps Down as Director of Russian Aluminum Giant Rusal

Russian Billionaires Plan to Party Without Rusal CEO Deripaska Russian Billionaires Plan to Party Without Rusal CEO Deripaska
Ben Pena | 25 May, 2018, 12:30

Russian aluminium giant Rusal announced Thursday that its chief executive and half of its board of directors had resigned to ensure the firm avoids usa sanctions that targeted its founder Oleg Deripaska.

On May 18, Oleg Deripaska left the board of directors of En+. The mass exodus is part of a bid to alleviate sanctions imposed on the company by the US Treasury.

Deripaska resigned earlier this month as a director of En+ and has pledged not to seek re-election as a director of Rusal at the forthcoming annual general meeting to be held around June 28.

The Mykolaiv plant did not respond to a request for comment.

The Ministry of foreign Affairs was instructed to inform the authorities of the European Union, USA and other countries to impose sanctions and raise before them the question of the application of similar restrictive measures.

White House may address North Korea, latest on Russia probe
So hopefully they will all be able to get together", he said. "There's no way they can selectively brief Republicans only". She said Democrats were cut out because they had not requested the same materials that their Republican colleagues had.

The measures were created to punish Moscow for meddling in the 2016 U.S. presidential election.

The United States on Tuesday gave American customers of Russia's biggest van manufacturer GAZ more time to comply with sanctions, further backing away from its initially uncompromising stance on GAZ's owner, Russian tycoon Oleg Deripaska.

The Decision has not been officially published and the full list of new sanctions is not yet publicly available.

Kiev says the Kremlin uses an array of tactics to undermine and destabilise Ukraine, spreading propaganda while supporting the eastern separatists with troops and sophisticated weaponry and launching cyber attacks on Ukrainian infrastructure.

On May 15, Ukrainian state security agents searched RIA Novosti's Kiev office and detained its director, accusing RIA of being used in an "information war" by Russian Federation against Ukraine. Moscow denies the accusations.

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