On the 27 January the US Treasury Department excluded Rusal, En+ and EuroSibEnergo (ESE) from the special designated nationals (SDN) list. The regulator took this decision on 19 December last year. Within 30 days the US Congress had the chance to block this action, but failed to so.

This is more news which supports our conviction that there is a low risk of material sanctions against Russia. The US authorities take into consideration back-fire strength of sanctions.

All sanctions against Mr Deripaska personally remain in place.


Categories: Research