Rusal: Suspends Oleg Deripaska's Control Of En+ To Lift U.S. Sanctions
Rusal: Suspends Oleg Deripaska's Control of En+ to Lift U.S. Sanctions
RUSAL announced that on May 18, 2018, En+ announced that its board of directors supports the plan of its independent chairman to revoke the sanctions imposed by the Office of Foreign Assets Management (and the sanctions imposed on its subsidiaries, including the company). Suspend Oleg Deripaska's control of En+. The plan seeks to reduce Deripaska's shareholding in En+ to below 50% and terminates its influence on the En+ board by appointing most independent directors.