Rusal Shares Soar, Aluminum Falls as US Lifts Sanctions on Russia’s Deripaska

Oleg V. Deripaska. Credit: Dzinko

(From Reuters)

U.S. President Donald Trump’s administration on Sunday lifted sanctions on the core empire of Russian tycoon Oleg Deripaska, including aluminum giant Rusal and its parent En+, despite a Democrat-led push to maintain them.

The move, which sent the Russian stock index to an all-time high, has watered down the toughest penalties imposed since Moscow’s 2014 annexation of Crimea, following a lobbying campaign in the United States that lasted almost 10 months.

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