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Insight: How Rusal escaped the noose of U.S. sanctions


By Dmitry Zhdannikov, Richard Lough and Lesley WroughtonLONDON/PARIS/WASHINGTON (Reuters) - They were supposed to be the toughest sanctions the United States had ever imposed on a Russian oligarch. Seventeen days later, Washington watered them down.On April 23, the U.S. Treasury eased restrictions on billionaire Oleg Deripaska's aluminium company Rusal. Instead of barring Rusal from international markets, which is what the United States originally intended to do, the Treasury suggested it might lift the sanctions altogether.Washington's change of course says a lot about the leverage held by ...

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First Published: Wed, May 16 2018. 22:37 IST