A man leaves the Favorite Auto Centre dealership selling GAZ commercial vans, produced by Russian GAZ car maker, in Russia’s Siberian city of Krasnoyarsk July 10, 2014. REUTERS/Ilya Naymushin
December 25, 2018
MOSCOW (Reuters) – Talks aimed at lifting U.S. sanctions on Russian automaker GAZ <GAZA.MM> are ongoing with the U.S. Treasury Department, and the company is implementing internal measures to encourage the process, Russian Finance Minister Anton Siluanov said.
The U.S. Treasury extended a deadline for investors to divest from GAZ to March 7, a day after it announced it would lift sanctions on the core assets of Russian tycoon Oleg Deripaska’s empire – Rusal <0486.HK> and parent En+ <ENPLq.L> – which also includes GAZ.
(Reporting by Darya Korsunskaya; Writing by Polina Ivanova; Editing by Christian Schmollinger)
