OFAC has taken the following action as regards US Russia sanctions:
1. Discussed lifting sanctions on RUSAL if Oleg Deripaska relinquishes his control of the company.
2. Lifted sanctions on Sulzer, which has confirmed that it is “no longer a blocked party or subject to sanctions under U.S. law” and that “all [its] assets [had been] unblocked” because Renova is now a minority shareholder (48.83% holding). Sulzer had announced that Renova had transferred ownership to Sulzer of 5 million Sulzer shares.