Russia’s En+ Group presents final plan to OFAC for sanctions relief

Russia’s energy-related En+ Group has presented its final plan to OFAC in a bid to free the group from US sanctions which were imposed on 6 April 2018. Under the proposal, Russian ‘oligarch’ Oleg Deripaska has agreed to reduce his current stake in En+ Group to below 45% (currently around 66%), primarily through the transfer of shares to Russian bank VTB,...