Jan 27, 2019 - World

U.S. lifts sanctions on 3 Deripaska-linked companies

Oleg Deripaska. Photo: Sergei Savostyanov/TASS/Getty Images

The Treasury Department announced Sunday that it had lifted sanctions on three companies linked to Russian oligarch Oleg Deripaska, including the world's second-largest aluminum producer Rusal.

The state of play: Last month, the companies reduced their relationship with Deripaska, complying with U.S. requirements. After a push from Treasury Secretary Steven Mnuchin, the Senate then voted to uphold Treasury's ruling lifting the sanctions, despite a wave of defections from 11 Republicans.

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