Russia’s En+ tiptoes between sanction risks dasha_reuters
Russian aluminium and hydroelectricity company En+ on Feb. 6 said it was buying state-owned Bank VTB’s 21% stake in the company for $1.6 billion.
The transaction will simplify the group’s structure, the company said, with no disruption to the arrangements made a year ago to get En+ off U.S. sanctions. En+ and aluminium company Rusal, in which it holds a majority stake, were sanctioned because of the majority holding of Russian billionaire Oleg Deripaska, who was himself sanctioned.
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