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), by issuing the following three general licenses: 13J, 14E, and 16E. 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 13J, 14E, and 16E will expire on 28 January 2019. The expiration date of the previous General Licenses was 21 January 2019.
European Aluminium reconfirms the need for a structural and long-term solution which will allow Europe's closely integrated value chains to function properly.