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U.S. extends deadline for sanctioned Russian firms to January

Updated: 13-11-2018 11:49 IST

The United States on Friday said it was extending the deadline for the divestiture of holdings of sanctioned Russian companies EN+ , Rusal and Gaz PAO until Jan. 7, 2019.

The move extends licenses relating to the sanctioned firms to authorize activities needed to wind down operations or existing contracts as well as licenses to authorize transactions needed to divest debt, equity and other holdings, according to a statement on the U.S. Treasury Department's website. (Reporting by Tim Ahmann and Susan Heavey; Editing by Tom Brown)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)