The US Treasury Department lifted sanctions on three firms tied to Russian tycoon Oleg Deripaska, including United Co. Rusal, a move that will provide relief to the global aluminum market. The metal fell in London.
Deripaska, an ally of Russian leader Vladimir Putin, will remain under US sanctions, and his property will remain blocked. But the Treasury Department is removing restrictions on Rusal, EN+ Group and EuroSibEnergo.