By Maya Lester KC & Michael O’Kane

OFAC action on Renova and Sulzer

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…...

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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