On 27th January, OFAC announced the formal lifting of sanctions imposed on En+ Group plc (“En+”), UC Rusal plc (“Rusal”), and JSC EuroSibEnergo (“ESE”), following an earlier notification submitted to the US Congress on December 19th. It says that the companies have reduced Oleg Deripaska’s direct and indirect shareholding stake in these companies and severed his control. This action, it says, ensures that the majority of directors on the En+ and Rusal boards will be independent directors – including US and European persons – who have no business, professional, or family ties to Deripaska or any other SDN, and that independent US persons vote a significant bloc of the shares of En+. The companies have also agreed to undertaking extensive, ongoing auditing, certification, and reporting requirements. All sanctions on Deripaska continue in force.