Deripaska steps down from Rusal board

Russian oligarch Oleg Deripaska has quit the boards of EN+ and its subsidiary Rusal in an attempt to free the companies from crippling US sanctions. Mr Deripaska had agreed to cede control of EN+ to help the company escape US sanctions under a plan outlined by EN+ chairman Lord Barker last month. This will see Mr Deripaska cut his stake to below 50pc.