Russian Finance Minister Anton Siluanov has shed some light on ongoing talks between GAZ and the U.S. Treasury Department.

On Tuesday, Russian Finance Minister Anton Siluanov disclosed, talks between the Russian government with its U.S. counterpart are underway in order to find ways of lifting U.S. sanctions on Russian automaker GAZ.

According to the U.S. Treasury Department, GAZ is in the process of implementing internal measures to encourage the process, said Siluanov.

On March 7, the U.S. Treasury extended a deadline for investors to divest from GAZ, after it announced that it would economic lift sanctions on the core assets of Russian tycoon Oleg Deripaska’s empire – Rusal and parent En+, which incidentally includes GAZ.

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