On December 19, the U.S. Treasury Department, Office of Foreign Assets Control (OFAC) announced their intention to remove three Russian entities from their List of Specially Designated and Blocked Persons List (SDN List) within 30 days. The SDN’s that were de-listed are En+ Group plc (“En+), UC Rusal plc (“Rusal”), and JSC EuroSibEnergo (“ESE”).
On April 6, 2018, the Trump Administration imposed additional sanctions on seven Russian oligarchs and twelve companies they own and/or control. The Administration also imposed sanctions on senior Russian government officials and a state-owned Russian weapons trading company and a Russian bank, a subsidiary of the weapons company. The sanctions are a response to the alleged Russian interference in the 2016 presidential election and target public officials and some of Russia’s most influential businesspeople. These actions are pursuant to the Countering America’s Adversaries Through Sanctions Act of 2017 (CAATSA), a bipartisan law enacted last August, which reinforces existing sanctions, limits the President’s ability to lift or waive certain sanctions, and authorizes the Administration to continue to impose sanctions.