Russian metal tycoon Deripaska caves in to US pressure

Russian metal tycoon and Kremlin insider Oleg Deripaska caved to pressure from the U.S. by agreeing to sell some of his shares in the aluminum company Rusal to take his stake to under 50% in hope that Washington will remove some of the crippling sanctions recently placed on the firm, bne IntelliNews reports. The U.S. Treasury Department has said it may lift sanctions on Rusal if Deripaska sells his shares.


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