December 25, 2018 / 7:09 AM / a month ago

Russia finance minister says hopes commitments between Rusal, U.S. Treasury fulfilled

The Rusal logo is seen on a building of the Rusal Achinsk Alumina Refinery, near the Siberian town of Achinsk, Krasnoyarsk region, Russia April 29, 2018. REUTERS/Ilya Naymushin

MOSCOW (Reuters) - Russian Finance Minister Anton Siluanov said he hoped that bilateral commitments between Rusal and the U.S. Treasury Department are fulfilled that would allow the lifting of U.S. sanctions against the Russian aluminum company next year.

Last week, the U.S. Treasury said it would lift sanctions on the core empire of Russian businessman Oleg Deripaska, including Rusal and its parent En+, as they have agreed to restructure to reduce Deripaska’s stakes.

The deal is subject to a 30-day review, during which the U.S. Congress may pass a joint resolution of approval or disapproval.

Reporting by Darya Korsunskaya; Writing by Katya Golubkova; Editing by Christian Schmollinger

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