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Metals firm sidelines Russian oligarch in bid to escape U.S. sanctions

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Russian oligarch Oleg Deripaska is losing control of his energy company, En+ Group, paving the way for aluminum giant Rusal to be freed from tough sanctions by the U.

The board of En+ Group, which owns a controlling interest in Rusal, on Friday voted unanimously to sever Deripaska’s control of the parent company and shrink his share below 50 percent. “Mr Deripaska’s departure from the boards of En+ and Rusal is just the start of the sweeping changes to come.

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