22 SEPTEMBER 2018

OFAC extends the deadline of certain general licenses related to RUSAL

European Aluminium takes note of the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)’s decision to extend the expiration date of certain general licenses related to United Company RUSAL PLC (RUSAL). RUSAL, a Russian aluminium producer and a major supplier of Europe’s alumina and primary metal, is targeted under the Russia-related sanctions programme implemented by the U.S. on 6 April 2018.


The General Licenses 13D, 14A, and 16A are amended to extend the expiration date from 23 October 2018 to 12 November 2018, for transactions related to RUSAL and its subsidiaries.


European Aluminium expects OFAC to find a structural and long-term solution which will allow Europe’s closely integrated value chains to function properly.

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