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Stock impact report

U.S. lifts sanctions on Rusal, other firms linked to Russia's Deripaska Jan 27 2019 [Reuters]

GLENCORE PLC UNSP/ADR (GLNCY) 
US:NASDAQ Investor Relations: glencore.com/investors
Company Research Source: Reuters
U.S. lifts sanctions on Rusal, other firms linked to Russia's Deripaska | Reuters 4 Min Read WASHINGTON (Reuters) - U.S. President Donald Trump’s administration on Sunday lifted sanctions on aluminum giant Rusal and other Russian firms linked to oligarch Oleg Deripaska, defying a Democratic-led push in the U.S. Congress to maintain the restrictions. Earlier this month, 11 of Trump’s fellow Republicans in the U.S. Senate joined Democrats in a failed effort to keep the sanctions on Rusal, its parent, En+ Group Plc, and power firm JSC EuroSibEnergo. But that was not enough to overcome opposition from Trump and most of his fellow Republicans. Advocates for keeping the sanctions had argued that Deripaska, an ally of Russian President Vladimir Putin, retained too much control over the companies to lift sanctions imposed in April to punish Russia for actions including its annexation of Ukraine’s Crimea, efforts to interfere in U.S. elections and support for Syria’s government in its civil wa Show less Read more
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