Talks to get Russian automaker GAZ off U.S. sanctions list

GAZ Group

Talks for lifting U.S. sanctions on Russian automaker GAZ remains ongoing with the U.S. Treasury Department, and the company is implementing internal measures to support the process, Russian Finance Minister Anton Siluanov stated.

The U.S. Treasury broadened a deadline for investors to divest from GAZ to March 7, a day following the announcement that it would lift sanctions on the core assets of Russian tycoon Oleg Deripaska’s empire – Rusal and parent En+ – which also includes automaker GAZ.

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