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3/19/2020

OFAC Extends Expiration Date of General Licenses Related to EN+ and RUSAL | U.S. Department of the Treasury

OFAC Extends Expiration Date of General Licenses Related to
EN+ and RUSAL
September 21, 2018

Washington – The U.S. Department of the Treasury’s O ice of Foreign Assets Control (OFAC)
today extended the expiration date of certain general licenses related to EN+ Group plc (EN+)
and United Company RUSAL PLC (RUSAL). These General Licenses 13D, 14A, and 16A amend
their previous versions by extending the expiration date from October 23, 2018 to November 12,
2018 for transactions related to the companies and their subsidiaries.
On April 6, 2018, OFAC designated EN+ for being owned or controlled by, directly or indirectly,
Oleg Deripaska and other entities he owns or controls. In that same action, OFAC designated
RUSAL for being owned or controlled by, directly or indirectly, EN+.
“EN+ and RUSAL have approached the U.S. Government about substantial corporate
governance changes that could potentially result in significant changes in control. To allow
su icient time for review, we are extending these licenses until November 12,” said a Treasury
spokesperson.
View General License 13D

, General License 14A

, and General License 16A

and

information on today’s action.
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https://home.treasury.gov/news/press-releases/sm492

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