Rusal and two other energy companies removed from SDN list

The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury has lifted the sanctions against United Company RUSAL PLC, EN+ Group PLC, and JSC EuroSibEnergo, as well as entities owned 50 percent or more by those companies.  According to OFAC, the companies have severed control by Russian oligarch Oleg Deripaska, who remains on the SDN list, reduced Deripaska’s share of these companies, and agreed to submit to ongoing auditing, certification, and reporting requirements.  A general license that had been issued in order to give the companies time to reorganize was set to expire on January 28, 2019.

OFAC press release