August 1, 2018 / 7:13 AM / in 10 months

Rusal shares slip in early Moscow trade after U.S. Treasury extends deadline

MOSCOW, Aug 1 (Reuters) - Shares in Russian aluminium producer United Company Rusal slipped 0.7 percent in early trading on the Moscow exchange on Wednesday after the U.S. Treasury extended the deadline for divesting from the sanctioned company.

The U.S. Treasury in April imposed sanctions against billionaire Oleg Deripaska and eight companies in which he is a large shareholder, including Rusal, in response to what it termed “malign activities” by Russia. (Reporting by Andrey Ostroukh and Polina Ivanova; editing by Jason Neely)

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