Deripaska Resigns From Rusal Board Over US Sanctions
Anees Ahmed (@Aneesah05582539) Published May 25, 2018 | 01:40 PM
Russian aluminium giant Rusal said Friday that Oleg Deripaska has resigned his seat on the board, a key step in the company's efforts to escape US sanctions targeting its founder and key shareholder.
Moscow, (APP - UrduPoint / Pakistan Point News - 25th May, 2018 ) :Russian aluminium giant Rusal said Friday that Oleg Deripaska has resigned his seat on the board, a key step in the company's efforts to escape US sanctions targeting its founder and key shareholder.
"Mr Oleg Deripaska, non-executive director of the company, has tendered his resignation as a director of the company with effect from 25 May 2018," Rusal said.
In a statement it said the resignation was in line with "the efforts that have been made by the management of the group to protect the interests of the company and its shareholders since the OFAC sanctions were imposed." The US Treasury's Office of Foreign Assets Control (OFAC) announced fresh sanctions against Russia last month following the diplomatic crisis sparked by the poisoning on Britain of former double agent Sergei Skripal.
Recent Stories
UHS declares MBBS first prof, MS urology exam results
Separate coaches to be hired for ODIs, Test and T20I formats
Finance Minister calls for reforming tax system to improve country's economy
PM calls for joint efforts to check smuggling, power theft
Infinix Unveils a Vibrant New Chapter with Wahaj Ali: The face of Infinix NOTE 4 ..
PM makes two more appointments in his team
Terrorists of Shangla suicide attack will be brought to justice: Interior Minist ..
Applications Open for 6th Cycle of Start-up Incubation under the National Expans ..
Join vivo's "Light it Up" Social Media Contest in Ramadan to Win vivo V30 5G
Pakistan v New Zealand T20I series: Tickets to go on sale from today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 29 March 2024
Today Gold Rate in Pakistan 29 March 2024
More Stories From World
-
China special team carries out emergency response work with Chinese Embassy in Pakistan: Lin Jian
30 minutes ago -
Disinformation targeting Brigitte Macron spreads beyond France
40 minutes ago -
Polish president vetoes move to restore access to emergency contraception
50 minutes ago -
Turkey's Erdogan braces for tete-a-tete with Biden in May
50 minutes ago -
Ukraine warns power supply under threat amid deadly Russian attacks
59 minutes ago -
Leaders Madrid face Athletic in final run towards Liga title
59 minutes ago
-
Impact of Baltimore port closure on global supply chains
60 minutes ago -
Clean energy expo China concluded, showing global green efforts
1 hour ago -
World court orders Israel ensure urgent aid for war-ravaged Gaza
1 hour ago -
Press Release from Business Wire: Dubai Electricity and Water Authority PJSC
1 hour ago -
Press Release from Business Wire: Blue Yonder
1 hour ago -
Nations fail to reach pandemic accord: talks to resume April
2 hours ago