The US Treasury has prolonged the deadline for the completion of share transactions with GAZ Group

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RNS.- The US Treasury has re-extended the deadline for the completion of the share transactions with GAZ Group till eight November 2019. The related assertion has been made by the US Treasury Workplace of Overseas Property Management – OFAC.

As well as, the interval throughout which the US traders should withdraw from the corporate’s securities has additionally been prolonged till eight November 2019.

The US Treasury has imposed sanctions towards 24 people and 14 authorized entities from Russia on 6 April 2018. Significantly, Oleg Deripaska and the businesses belonging to him: En+ Group, GAZ Group, Primary Factor and UC Rusal have been included within the sanctions listing.

The US Treasury Division has notified the US Congress of its intention to take away the restrictive measures imposed on the businesses belonging to the Russian businessman Oleg Deripaska: En+ Group, UC Rusal and Eurosibenergo, in December 2018. The sanctions on the businesses have been lifted on the evening of 27-28 January 2019. Nonetheless, the sanctions towards Oleg Deripaska stay in pressure.

On 6 March 2019, the US Treasury has prolonged the interval of withdrawal of US traders from GAZ Group securities and the deadline for finishing transactions with the corporate till 6 July 2019.


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