[SMM translator] Bob Menendez: the United States may continue to impose sanctions on Rusal and Deripasca-Shanghai Metals Market

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[SMM translator] Bob Menendez: the United States may continue to impose sanctions on Rusal and Deripasca

Translation 02:45:57PM Dec 06, 2018 Source:SMM

SMM12, June 6: the chief Democrat of the U.S. Senate Foreign Relations Committee (Senate Foreign Relations Committee) urged the Trump administration on Wednesday not to give up or cancel the Russian oligarch Oleg Deripaska (Oleg Deripaska) or his control. Sanctions from the two companies.

The US Treasury last month postponed a deadline for Mr Deripasca to reduce his holdings in the two companies from December 12 to January 7. In April, the US Treasury imposed sanctions on several companies owned by Mr Deripaka and his majority shareholders, including "malicious activity" in Russia and past criminal charges against him.

Deripzka is one of 24 sanctioned Russians who are allies of Russian President Vladimir Putin. The US government has taken one of its most radical actions to punish Russia for alleged interference in the 2016 US presidential election and other "malicious activities". Russia's election-related activities, including any coordination with the then candidate Donald Trump's (Donald Trump) campaign, are currently under investigation by federal special advisers.

In his letter, Menendez outlined Deripaka's close relationship with the Kremlin and said the change in sanctions would be strongly opposed by Congress. "given the global impact on aluminium and the potential impact on our close allies in Europe, our goal is not to completely bankrupt EN+ or Rusal," Menendez said.

But he said the Treasury must ensure that Mr. Deripasca relinquishes control of the two entities and no longer benefits from them.

Menendez stressed that "how the Treasury handles Deripaka and his company will influence our view of the US government's serious implementation of the Russian sanctions regime."

A Treasury spokesman did not return calls seeking comment after the federal government suspended work on Wednesday over the funeral of former President George H.W. Bush.

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[SMM translator] Bob Menendez: the United States may continue to impose sanctions on Rusal and Deripasca

Translation 02:45:57PM Dec 06, 2018 Source:SMM

SMM12, June 6: the chief Democrat of the U.S. Senate Foreign Relations Committee (Senate Foreign Relations Committee) urged the Trump administration on Wednesday not to give up or cancel the Russian oligarch Oleg Deripaska (Oleg Deripaska) or his control. Sanctions from the two companies.

The US Treasury last month postponed a deadline for Mr Deripasca to reduce his holdings in the two companies from December 12 to January 7. In April, the US Treasury imposed sanctions on several companies owned by Mr Deripaka and his majority shareholders, including "malicious activity" in Russia and past criminal charges against him.

Deripzka is one of 24 sanctioned Russians who are allies of Russian President Vladimir Putin. The US government has taken one of its most radical actions to punish Russia for alleged interference in the 2016 US presidential election and other "malicious activities". Russia's election-related activities, including any coordination with the then candidate Donald Trump's (Donald Trump) campaign, are currently under investigation by federal special advisers.

In his letter, Menendez outlined Deripaka's close relationship with the Kremlin and said the change in sanctions would be strongly opposed by Congress. "given the global impact on aluminium and the potential impact on our close allies in Europe, our goal is not to completely bankrupt EN+ or Rusal," Menendez said.

But he said the Treasury must ensure that Mr. Deripasca relinquishes control of the two entities and no longer benefits from them.

Menendez stressed that "how the Treasury handles Deripaka and his company will influence our view of the US government's serious implementation of the Russian sanctions regime."

A Treasury spokesman did not return calls seeking comment after the federal government suspended work on Wednesday over the funeral of former President George H.W. Bush.

(note: if copyright issues are involved, please contact SMM and we will deal with "View the original text" in a timely manner)