U.S. Senate To Block Delisting En+, RUSAL, EuroSibEnergo

17 January 2019 (09:28)

UrBC, Moscow, January 17, 2019. The U.S. Senate is going to advance a measure to stop the Trump administration’s plans to drop Oleg Deripaska’s En+, United Company RUSAL, and EuroSibEnergo from the sanctions list. The measure got approved by a 57-42 vote, Kommersant reports.

The next step is to take the resolution through a ratification stage via a procedural vote, for which it needs to get supported by at least 60 senators. Once the paper has been supported by the majority, the final vote and the support of the House could bring the resolution directly to President Trump’s desk.

Now Oleg Deripaska’s assets got blacklisted by the U.S Treasury in April 2018; the Treasury announced on December 19 that En+, United Company RUSAL, and EuroSibEnergo would get delisted in thirty days’ time, since Deripaska agreed to reduce his share in the businesses.

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