U.S. extends time for divestment from sanctioned Russian company GAZ

WASHINGTON (Reuters) – The U.S. Treasury said on Wednesday it was extending by four months the deadline for investors to divest from Russian automaker GAZ, a company linked to Russian tycoon Oleg Deripaska that Washington sanctioned over Russia’s “malign activity.” The Treasury’s Office of Foreign Assets Control said in a statement that it would allow investors and businesses until July […]

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Russia's Rusal is in talks to resume reinsurance with Western companies

MOSCOW (Reuters) – Russia’s Rusal, the world’s second-largest aluminum producer, is in talks to resume reinsuring its risks with Western companies after Washington lifted sanctions on it, officials with Russian National Reinsurance Co (RNRC) said. U.S. President Donald Trump’s administration on Jan. 28 lifted sanctions on Rusal and other core assets of tycoon Oleg Deripaska. The reinsurance talks show the […]

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Rusal shares soar, aluminum falls as U.S. lifts sanctions

WASHINGTON/MOSCOW (Reuters) – U.S. President Donald Trump’s administration on Sunday lifted sanctions on the core empire of Russian tycoon Oleg Deripaska, including aluminum giant Rusal and its parent En+, despite a Democrat-led push to maintain them. The move, which sent the Russian stock index to an all-time high, has watered down the toughest penalties imposed since Moscow’s 2014 annexation of […]

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Iran says private exporters had no problem selling its oil

DUBAI (Reuters) – Iran said on Wednesday private exporters have had “no problems” selling Iranian oil, and 3 million barrels of crude could be sold soon to non-government traders, state media reported, despite U.S. sanctions targeting Tehran’s oil sales. Iran began selling crude oil to private companies for export in late October, just ahead of U.S. sanctions on sectors including […]

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US sanctions Russians for election meddling, nerve agent use

The U.S. Treasury Department has sanctioned 15 Russians over hacking, interference in U.S. elections and a nerve agent attack in England. In a separate action Wednesday, the agency also announced plans to lift sanctions on the aluminum manufacturing giant Rusal. It comes after the department approved a plan that severed Russian oligarch Oleg Deripaska's control of the company. Continue Reading […]

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EU slaps sanctions on 7 Myanmar army, border officials

The European Union is slapping asset freezes and travel bans on seven more people accused of human rights violations against the Rohingya minority in Myanmar. EU headquarters said Friday that the seven army and border police officials are being put on the bloc's sanctions list "for serious human rights violations committed against the Rohingya population, ethnic minority villagers or civilians." […]

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U.S. to remove sanctions from aluminum giant Rusal

(Reuters) – The U.S. Treasury will lift sanctions on the core empire of Russian businessman Oleg Deripaska, including aluminum giant Rusal and its parent En+, watering down the toughest penalties imposed since Moscow’s 2014 annexation of Crimea. In April, the U.S. Treasury imposed sanctions on Deripaska, Rusal, En+ and other companies in which he owns stakes, citing “malign activities” by […]

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Menendez says U.S. sanctions on Russia's Deripaska should remain

WASHINGTON (Reuters) – The top Democrat on the Senate Foreign Relations Committee on Wednesday urged the Trump administration not to waive or remove sanctions on Russian oligarch Oleg Deripaska or two companies he controls. In a letter to U.S. Treasury Secretary Steve Mnuchin, Senator Bob Menendez cited unspecified reports that Treasury was considering such a move and noted the department’s […]

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