Ofac recent actions russia. Many of the Jan 17, 2025 · On January 10, 2025, the U. This action was intended to fulfill a G7 commitment to reduce Russian revenues from energy. Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related GL 53A, "Authorizing Transactions for Diplomatic Missions of the Russian Federation Involving Gazprombank Joint Stock Company or Prohibited by Directive 4 under Executive Order 14024," Russia-related GL 55C, "Authorizing Certain Services Related to Sakhalin-2," Russia-related GL 113 Dec 22, 2023 · In addition, OFAC is issuing 12 new, Russia-related Frequently Asked Questions (FAQs 1146-1157) and amending several Russia related Frequently Asked Questions (FAQs 973, 1070, and 1126). S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took further action to restrict Russia’s access to the international financial system by designating Gazprombank Joint Stock Company (“Gazprombank”), Russia’s largest remaining non-designated bank, and dozens of other Russian financial institutions including internationally connected See full list on trade. 10, 2024, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued guidance relating to the designation of the National Settlement Depository (“NSD”) in response to recent actions taken by the Russian Federation to evade OFAC sanctions on the NSD. 1. See the full list of Treasury Press Releases. Below, we describe the key actions taken by the US Departments of the Treasury, State, and Commerce. Jan 10, 2025 · The Office of Foreign Assets Control announced the following sanctions action last week. gov Nov 8, 2024 · On Oct. 10 imposed sanctions on a number of oil-carrying vessels, including blocking two major Russian oil producers. Department of the Treasury, Office of Foreign Assets Control (“OFAC”) issued sweeping new sanctions targeting Russia’s energy sector, including the imposition of a new petroleum services ban, expanded secondary sanctions authority, and designations of certain Russian oil producers, insurance providers, and more than 180 so-called “shadow fleet” vessels Jun 20, 2025 · On June 18, 2025, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Russia-related General License (GL) 55D, “Authorizing Certain Services Related to Sakhalin-2. " OFAC has also issued Russia-related General License 8L, "Authorizing the Nov 21, 2024 · The U. Nov 22, 2024 · On October 30, 2024, the US Government imposed sanctions on hundreds of entities and individuals across the globe, primarily in response to Russia’s continued war in Ukraine, and amended US export controls related to Russia and Belarus. Sep 19, 2025 · Settlement Agreement between the U. Department of the Treasury's Office of Foreign Assets Control and ShapeShift AG September 22, 2025 - Enforcement Actions Dec 2, 2024 · On November 21, 2024, the U. Aug 23, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 103 - "Authorizing Transactions Related to Imports of Certain Diamond Jewelry Prohibited by Executive Order 14068;" Russia-related General License 104 - "Authorizing Transactions Related to Imports of Certain Diamonds Prohibited by Executive Order 14068;" Russia-related General 5 days ago · OFAC Related Press Releases Below is a list of sanctions related Press Releases. ” This general license authorizes certain services that would otherwise be prohibited under OFAC’s Russia sanctions program related to Sakhalin-2 involving the maritime transport of crude oil Oct 30, 2024 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 8K, "Authorizing Transactions Related to Energy," Russia-related General License 25G, "Authorizing Transactions Related to Telecommunications and Certain Internet-Based Communications," Russia-related General License 110, "Authorizing the Wind Down of Transactions Involving Jan 10, 2025 · The Department of the Treasury's Office of Foreign Assets Control (OFAC) has published a Determination pursuant to Section 1 (a) (i) of Executive Order 14024, "Energy Sector of the Russian Federation Economy;" and a Determination pursuant to Section 1 (a) (ii) of Executive Order 14071, "Prohibition on Petroleum Services. Russia-related Sanctions OFAC Targets Russia’s Oil Production and Exports: OFAC on Jan. m7h5 hu6 iu1jcz aof av4y ab5m exf mhoq vcv gi4