US extends sanctions deadline for 3 Russian companies
Washington, Nov 10 : The US Department of Treasury on Friday announced that it has decided to delay the implementation of sanctions on three Russian companies for four more weeks.
The Treasury said in a statement that it will extend its sanctions date on EN+ Group, United Company RUSAL, and GAZ Group from December 12 to January 7, 2019. The three Russian companies was designated in April for the connections with Deripaska.
"EN+, RUSAL, and GAZ are proposing substantial corporate governance changes that could potentially result in significant changes in control of these sanctioned entities," said a Treasury spokesperson in the statement.
The sanctions have been delayed several times since its announcement in April.