Interesting piece on how the U.S. has delayed the imposition of sanctions on Deripaska’s Rusal.

1. 9/22/18, 11(28 AMUS delays imposition of sanctions on Deripaskaʼs Rusal | Financial Times
Page 1 of 2https://www.ft.com/content/71ca3200-be1b-11e8-8274-55b72926558f
US delays imposition of
sanctions on Deripaska’s Rusal
Russian oligarch has a further three weeks to
negotiate a reprieve from Treasury
jralger 5 hours ago
Temporary reprieve: Russian billionaire Oleg Deripaska © Bloomberg
The US Treasury has extended a deadline for the full imposition of crippling
sanctions against the aluminium empire of Oleg Deripaska, giving the
Russian oligarch another three weeks to find a way to win a full reprieve.
Washington in April announced it would impose sanctions on Mr Deripaska
and his business empire, to prevent him and his companies from using the
dollar and doing business with US citizens.

2. 9/22/18, 11(28 AMUS delays imposition of sanctions on Deripaskaʼs Rusal | Financial Times
Page 2 of 2https://www.ft.com/content/71ca3200-be1b-11e8-8274-55b72926558f
Those measures threatened the future of Rusal, the world’s second largest
aluminium producer. Late on Friday, the Treasury said it would delay to
November 12 a deadline forcing investors to sell holdings of debt and equity
in Rusal and its parent company EN+, from the previous date of October 23.
“EN+ and Rusal have approached the US government about substantial
corporate governance changes that could potentially result in significant
changes in control,” a Treasury spokesperson said. “To allow sufficient time
for review, we are extending these licenses until November 12.”
The US sanctions, which targeted 24 Russian oligarchs and politicians, were
designed to punish Moscow for alleged interference in the 2016 US
presidential election. Rusal found itself cut off from global commodity
markets and the western banking system, creating chaos in international
manufacturing supply chains.
Earlier this month the Treasury said that it would permit long-term
customers of Rusal to sign new contracts with the company as long as they
were consistent with past actions.
A plan being devised by Greg Barker, a member of the UK’s upper house of
parliament and a former energy minister, seeks to have the sanctions lifted by
transferring a significant stake in EN+ to a Russian bank that would later sell
the unsanctioned shares to the market.