The U.S. Office of Foreign Assets Control, or OFAC, once again extended the deadline for investors to wind down businesses with sanctioned Russian companies United Co. Rusal PLC, its parent company En+ Group PLC and GAZ Group to Jan. 7, 2019, from Dec. 12.
In a Nov. 9 statement, OFAC said it granted the extension to give it more time to review the companies' proposed structural changes that could help them escape U.S. sanctions.
En+ named its new CEO and COO in early November after Russian businessman Oleg Deripaska quit the boards of En+ and Rusal in May.
OFAC earlier allowed Rusal to sign new contracts with existing U.S. customers without the risk of becoming a target of secondary sanctions.
