Oleg Deripaska resigns from Rusal board
Russian oligarch Oleg Deripaska has resigned from the board of aluminium producer Rusal to shield it from US sanctions against him.
Rusal - which produces about seven per cent of the world's aluminium- said his resignation was part of efforts to "protect the interests of the company".
In April, the US imposed sanctions on Mr. Deripaska and seven other oligarchs.
The sanctions prevent US citizens from doing business with all companies controlled by Mr. Deripaska.
Rusal's share price halved after the sanctions were imposed, and it closed off western credit lines for the company.
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