WASHINGTON, Dec 23 (Reuters) - The US on Wednesday granted buyers one other 12 months to divest fro
WASHINGTON, Dec 23 (Reuters) – The US on Wednesday granted buyers one other 12 months to divest from Russian automaker GAZ PAO GAZA.MM, an organization linked to sanctioned Russian tycoon Oleg Deripaska.
The U.S. Treasury’s Workplace of Overseas Belongings Management, in an announcement posted on-line, stated it could permit buyers and companies till Jan. 26, 2022 to chop ties with the corporate. Washington had sanctioned Deripaska over Russia’s “malign exercise.”
(Reporting by Susan Heavey Modifying by Chizu Nomiyama)
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