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Washington – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today lifted sanctions imposed on En+ Group plc (“En+”), UC Rusal plc (“Rusal”), and JSC EuroSibEnergo (“ESE”), following an earlier notification submitted to Congress on December 19, 2018.
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The sanctions mean that UC Rusal’s market access has been massively constrained. The company has already received short-term liquidity from the Russian government and full nationalisation looks likely. Operations in Russia are the most insulated from sanctions.
18 mar 2024 · LONDON, March 18 (Reuters) - Industry group European Aluminium wants the European Union to impose sanctions on aluminium supplied from Russia but not EU-based companies owned by Rusal which...
15 mar 2022 · Even absent explicit sanctions, Russian metal exports must now navigate tightening financial, logistical and trading restrictions as ever more companies drop their Russian ties.
17 lip 2023 · Action brought on 25 May 2023 — UC Rusal v Council (Case T-292/23) (2023/C 252/87) Language of the case: English. Parties. Applicant: United Company Rusal MKPAO (UC Rusal) (Kaliningrad, Russia) (represented by: N. Tuominen and L. Engelen, lawyers) Defendant: Council of the European Union. Form of order sought. The applicant claims that the ...
29 sty 2019 · On Sunday, January 27, 2019, the U.S. Department of Treasury, Office of Foreign Assets Control (“OFAC”) removed UC Rusal plc (“Rusal”), EN+ Group plc (“En+”), and JSC EuroSibEnergo (“ESE”) from its Specially Designated Nationals (“SDN”) List, allowing both U.S. and non-U.S. persons to once again do business with these entities.
17 lip 2023 · In support of the action, the applicant relies on three pleas in law. First plea in law, alleging a manifest error of assessment for including the applicant’s name in the Statement of Reasons of a person subject to restrictive measures.
