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Russian Billionaire Gets More Time to Cut Aluminum Company Holdings

The U.S. Treasury Department has again extended a deadline for Russian billionaire Oleg Deripaska to reduce his holdings in the aluminum company Rusal before sanctions take effect. The Treasury Department said Friday that licenses allowing Rusal to continue doing business would be extended from Dec. 12 to Jan. 7. The department said in April that it would impose sanctions on Deripaska and several companies in which he is a large...

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