Trump's administration on Sunday lifted sanctions against the business empire of Oleg V. Deripaska, one of Russia's most influential oligarchs.
Congressional Democrats tried to block this move this month by attacking him as surrender to the Kremlin and a key ally of President Vladimir Putin. But they failed to gain sufficient support from the Republicans to impose sanctions.
The Treasury Department announced the sanctions against Deripaska, six other oligarchs and their companies in April, as a vengeance for Russian "malicious activity" around the world.
Steven Munchin, Secretary of the Treasury, was sensitive to this argument. He explained that the purpose of the sanctions was "to change the behavior" of Mr. Deripaska and "not to bring Russal out of business", given the main role of the company as a global supplier of aluminum
But the confidential, legally binding document describing the agreement has shown that Mr Deripaska and his allies will retain the majority ownership of EN +.
Lloyd Doggett, Texas Democrat, who is one of the leading critics of the deal, said that allowing him to enter into force "is just another step in undermining the sanctions law that President Trump has hindered every opportunity until Russian aggression remains unchanged. "
But EN + said in a statement that Sunday's move is" a victory for US sanctions policy, purposeful punishment, but not at the expense of shareholders, employees, and the wider market. "
Once the sanctions were formally revoked, EN + announced the appointment of seven new directors of the deal, including Christopher Bancroft Banham, a banker who served as the transition team of the State Department of Mr. Trump and worked in the State Department of George Bush.