US Treasury Department extends Rusal divestiture deadline

By Kirk Maltais / June 01, 2018 / www.metalbulletin.com / Article Link

The US Treasury Department has extended the deadline for investors to divest their holdings in sanctioned Russian companies, allowing them until 12:01 am August 5 to offload their debt, equity or other holdings.

The Treasury's Office of Foreign Assets Control (OFAC) issued its General License 13B on May 31, moving the deadline from June 6 to August 5. The license applies to EN+ Group Plc,...

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