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Date: 2 months ago   Category: Companies

Removal of sanctions from RUSAL can be postponed


It became known after the briefing of the Finance Minister of the USA Stephen Mnuchin with congressmen. The last did not arrange that they were given not enough time for studying of a situation of the Photo: Alexander Hardly so it is easy for Kolbasov/TASS to shock Stephen Mnuchin with something. But the American congressmen managed it. The Minister of Finance at the closed briefing answered questions of legislators of removal of sanctions from RUSAL and other companies of Oleg Deripaska. And following the results of communication the speaker of the House of Representatives Nancy Pelosi told journalists that it was waste of time. It also shocked Mnuchin as he declared officially. But now removal of sanctions can be transferred. It is connected not only with the fact that the minister could not convince congressmen that Oleg Deripaska both is so rather punished and satisfied all conditions. The matter is that legislators received the final plan before Christmas, and they consider that the Ministry of Finance made it specially that during holidays congressmen could not study the document, the president of the American Center of global interests Nikolay Zlobin explains: Nikolay Zlobin the president of Center on Global Interests "Congressmen took offense a little as I understand, at the U.S. Department of the Treasury which declared possible removal of sanctions from RUSAL on the eve of Christmas holiday. More than two weeks left for holidays and therefore they demand that the time was postponed that they had an opportunity to analyse this situation. 30 days which are put under the law some of them want to begin to count anew". Earlier congressmen reported what still confuses them. Oleg Deripaska can transfer a part of stocks of En to VTB or other structure which is not included into the black list of the Ministry of Finance of the USA. But legislators called the Russian bank "close to the Kremlin", against it the American sanctions work. However, forgot to mention that it is soft sanctions, old, four-year prescription. And it is a stumbling block: in the forefront it was specified that the package will pass into a blind trust which will be managed by a certain American bank. The main that even if the plan will change again and Deripaska will transfer stocks there where to it will specify, then the congress can carp at something again. And what will be if as a result of the sanction do not remove, and the businessman will already give the actions? Whether he will be able to take away then them from a trust? Everything depends on transfer conditions, but practice shows that to make it anyway can be difficult, lawyers say. Though there is one more aspect, the head of Gololobov & partners law firm Dmitry Gololobov notices: Dmitry Gololobov the head of Gololobov & partners law firm "A question not in whether Deripaska will be able to receive shares then from a trust, and in what powers the trust has concerning actions as actually all this copes. In principle, Deripaska can in various ways retain indirect control over a trust, or, at least, the trust can informally work for the benefit of Deripaska, or at least support some general trend that, of course, it is not absolutely correct about that

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