Rusal has strongly denied claims that it violated the terms of its agreement with the US Office of Foreign Assets Control (OFAC) to reduce Russian billionaire Oleg Deripaska's influence over the aluminium producer.
A Bloomberg News article on Thursday December 17 claimed that European officials passed on information to the US government accusing Deripaska of violating conditions that - when they were agreed - allowed sanctions on Rusal to be removed. The report alleged that, in contravention of those conditions, Deripaska retained day-to-day influence over Rusal.