Russia’s RUSAL elects new board over US sanctions

On 28 June 2018, Russian aluminium company RUSAL elected a new board of directors in an effort to have US sanctions lifted (OFAC had imposed sanctions on 6 April 2018). The new board of 12 directors comprises 3 executive directors, 3 non-executive directors and 6 independent non-executive directors. RUSAL press release here. We reported in May 2018 that Russian ‘oligarch’...