Ukraine targets Russia’s En+
Mar 21, 2019 10:00 am
En+ Group’s assets would be frozen for a three-year period
Ukrainian President Petro Poroshenko on Wednesday signed a decree broadening sanctions against Russian companies and citizens to include aluminum and power producer En+ Group and several other Russian firms.
Wednesday’s decree said that En+ Group’s assets would be frozen for a three-year period and that limitations would be imposed on its commercial operations in the country.
En+ holds a more than 50 percent stake in aluminum giant Rusal, which operates the Mykolaiv alumina plant in Ukraine. Both companies declined to comment.
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