Economics
Deripaska's Team Sees Major Progress in Talks to Lift Sanctions
- A new plan is under discussion with Treasury, people say
- But it’s still unclear if a formal agreement will be reached
Oleg Deripaska,
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
En+ Group Plc said it has made “substantial progress” after almost six months of talks with the U.S. Treasury on lifting sanctions from Russian billionaire Oleg Deripaska’s companies.
There’s “more work to do to reach a formal agreement,” according to a statement from En+ on Saturday. The company, which is majority owned by Deripaska, didn’t provide any details on the talks.