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.

Source URL: http://eurasiatx.com/ukraine-targets-russias-en/