Russian metals magnate Oleg Deripaska attends Independence Day celebrations at Spaso House, the residence of the American Ambassador, in Moscow, Russia. Photo: AP/Alexander Zemlianichenko
American companies and their general counsel should not expect a general easing of U.S. trade sanctions on Russia, even though the federal government plans to terminate sanctions against three Russian companies by mid-January if they implement certain reforms, according to attorney James Treanor.
The U.S. Treasury Department’s Office of Foreign Assets Control said Dec. 19—in what Treanor called the first of its kind notice to Congress—that it intends to end the sanctions imposed on United Company Rusal, En+ Group and JSC EuroSibEnergo within 30 days.
