10 NOVEMBER 2018

OFAC extends deadline to 7 January 2019 (1)

European Aluminium takes note of the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)’s decision to extend the expiration date of certain general licenses related to United Company RUSAL PLC (RUSAL). RUSAL, a Russian aluminium producer and a major supplier of Europe’s alumina and primary metal, is targeted under the Russia-related sanctions programme implemented by the U.S. on 6 April 2018.

The General Licenses 13G, 14C, 15B and 16C are amended to extend the expiration date from 12 December 2018 to 7 January 2019 for transactions related to RUSAL and its subsidiaries.

European Aluminium reconfirms the need for a structural and long-term solution which will allow Europe's closely integrated value chains to function properly.