Rusal and EN+ delisting (2019)
OFAC lifted sanctions on Russian aluminum giant Rusal and its parent EN+ after billionaire Oleg Deripaska cut his ownership stake. The move showed a designation could be undone when conditions changed.
The Senate tried to block the delisting; the resolution fell three votes short. Rusal returned to global markets.
The episode set the template for removing entries through restructuring and showed how politically charged any delisting can be.
It is the clearest recent example of OFAC taking names off the list, and of the congressional pushback that could greet a broader cleanup.
