mo4ch:>Shares in Russian aluminium giant Rusal surge as US lifts sanctions | Mo4ch News

Russian aluminum giant Rusal saw its stock jump 25 percent after the US said it is dropping sanctions against the firm after its owner, who is on the US sanctions list, reduced his stake in the company.The Trump administration on Wednesday notified Congress of its plans to lift sanctions on two Russian firms, Rusal and EN+ Group. Both companies are owned by Russian businessman Oleg Deripaska, who was included in the list of sanctioned companies and individuals as part of broader US sanctions against Russia.“Treasury sanctioned these companies because of their ownership and control by sanctioned Russian oligarch Oleg Deripaska, not for the conduct of the companies themselves,” Treasury Secretary Steven Mnuchin said in a statement.“These companies have committed to significantly diminish Deripaska’s ownership and sever his control.”Also on rt.comUS extends deadline for sanctioned Russian tycoon to sell energy & metals businessOn April 6, Washington imposed sanctions on the Russian b…