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As Raymond "Red" Reddington (played by James Spader) leads Harold Cooper 's team down the rabbit hole, the FBI successfully raids operational warehouses from Paris to the United States. However, the shocking twist arrives at the episode's conclusion: . Rather than falling victim to an investigation, Red actively engineered the downfall of his own multi-billion dollar shipping network to erase his criminal footprint and quietly transition into "ghosthood" ahead of the series finale. The B-Plot: The Noose Tightens

After some filler episodes, "The Morgana Logistics Corporation" broke away from the mediocre pacing to deliver a classic Blacklist feel. It provides the necessary friction to ensure that the series finale has high stakes. The Task Force finally lands a massive win, but as Rotten Tomatoes points out, it may not be enough to save them from the consequences of their association with Reddington.

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Season 10 follows the aftermath of Elizabeth Keen’s death and the Task Force’s public exposure. A new Blacklister emerges every week, but the season’s arc centers on Wujing (a former Blacklister from Season 1) who has released the complete Blacklist to the criminal underworld, putting Red Reddington and the Task Force in crosshairs globally.

The episode revisits the “Red”/“Blue” dichotomy: Reddington (red) as the mastermind and Liz (blue) as the moral compass. Their interaction in the final act hints at a —Reddington hands over the key, allowing Liz to decide whether to keep or burn it. This mirrors the series’ ongoing debate about whether redemption is earned through sacrifice or confession. As Raymond "Red" Reddington (played by James Spader)

Search engines often pair “The Blacklist” with “2013” because that is the copyright year shown in every episode’s credits. Season 10, Episode 17 was produced in 2023, but the underlying series registration is 2013. This mismatch confuses automated scrapers that power illegal streaming indexers. Unfortunately, many users then mistakenly believe they are accessing a 2013 episode, which does not exist.

Unlike some mid-season filler episodes, “El Conejo” advances both the episodic blacklister hunt and Reddington’s endgame – his failing health and legacy. The B-Plot: The Noose Tightens After some filler

Red effectively uses the FBI to "clean up" and dismantle his own multi-billion dollar shipping empire. He pays the bail for the arrested executives and hosts a celebration for them, signaling that their work is complete and he is winding down his operations.