GAZ will lose a partner in Volkswagen.
Oleg Deripaska's farewell to the GAZ group is coming to an end.
The US Treasury demanded that the GAZ group provide it with reports once a quarter, as well as remove Oleg Deripaska from making decisions. If these conditions are met, the group will be able to continue working with suppliers and contractors.
Ural and a number of other assets of the group were bought by Dmitry Strezhnev.
Why is Oleg Deripaska suing the three largest English-language publications?
The GAZ Group may revoke the right to a trademark.
This was a tactical victory for the hired oligarchs in the US lobbyists. Until January 2019, Washington allowed to cooperate with the toxic Rusal.
But for her, getting into the sanctions list, unlike other Deripaska company - UC Rusal is far from being so dramatic.
Those who fall under American sanctions UC Rusal and En + plan to submit to the US Treasury by mid-summer a plan that will give the agency grounds to lift restrictions against companies.
The US Treasury gave US investors in En +, Rusal and the GAZ Group a delay until August.
Billionaire Oleg Deripaska may cease to be the main beneficiary not only of EN +, but also of the GAZ Group. It was such a version of the company's exit from US sanctions that the US authorities proposed the day before.
The US can withdraw from the businessman sanctions if he refuses control in the GAZ group.
The CNN television channel named En + Oleg Deripaska as lobbyist for the US the company of ex-assistant Donald Trump Brian Lanz.
The US authorities extended for a month the period of sale of assets of companies that fell under the sanctions on April 6, 2018: En +, GAZ and UC Rusal. Investors should get rid of them before June 6. Earlier, the Ministry of Finance demanded that it be done before May 7.
"Power Machines" and the GAZ Group will support public procurement.
So far, the sanctions have not affected the business of Russian public companies.
Ingosstrakh sold its stake in the GAZ group that fell under the sanctions.
In 2016, the products of one of its plants, PAZ, became the leader of the Ukrainian market.
As it became known to Forbes, GAZ Group may receive state guarantees for 25 billion rubles.