The United States Treasury must maintain its sanctions on companies associated with Oleg Deripaska until he relinquishes control of both EN+ and Rusal and receives no benefit from them, a senior US senator said.
Robert Menendez, a member of the Democratic Party and the senior US senator from New Jersey, said in a letter to Treasury Secretary Steven Mnuchin that efforts to remove sanctions without these factors in place "would likely meet strong opposition in Congress.""The goal is not to put EN+ or Rusal out of business given the global implications for the aluminium industry and the potential impact on our close allies in Europe," Menendez said in the letter. "However, the Treasury Department must take all possible measures to ensure that Mr Deripaska divests from and relinquishes his control of both entities...