Russia-related and Russia-/Ukraine-related Designations; Venezuela-related Designations; Publication of Russia-related Determinations; Issuance of Russia-related General Licenses and Frequently Asked Questions

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.” OFAC has also issued Russia-related General License 8L, “Authorizing the Wind Down of Transactions Related to Energy;” Russia-related General License 115A, “Authorizing Certain Transactions Related to Civil Nuclear Energy;” Russia-related General License 117, “Authorizing the Wind Down of Transactions Involving Gazprom Neft, Surgutneftegas, and Certain Additional Entities Blocked on January 10, 2025;” Russia-related General License 118, “Authorizing Certain Transactions Related to Debt or Equity of, or Derivative Contracts Involving, Gazprom Neft, Surgutneftegas, and Certain Additional Entities Blocked on January 10, 2025;” Russia-related General License 119, “Authorizing Certain Transactions Involving Public Joint Stock Company Gazprom Neft Related to Diplomatic and Consular Mission Operations Outside of the Russian Federation;” Russia-related General License 120, “Authorizing Limited Safety and Environmental Transactions and the Unloading of Cargo Involving Certain Persons or Vessels Blocked on January 10, 2025;” Russia-related General License 121, “Authorizing Petroleum Services Related to Certain Projects;” and Russia-/Ukraine-related General License 26, “Transactions Authorized Pursuant to the Russian Harmful Foreign Activities Sanctions Regulations.” Additionally, OFAC has revoked Russia-related General License 93, “Authorizing Transactions Involving Certain Sovcomflot Vessels.” Furthermore, OFAC has issued five new, Russia-related Frequently Asked Questions (FAQs 1213 – 1217), and amended 14 Russia-related Frequently Asked Questions (FAQs 967, 976, 977, 978, 999, 1011, 1012, 1017, 1117, 1126, 1182, 1183, 1201, and 1203). Lastly, OFAC has updated its Specially Designated Nationals and Blocked Persons List (SDN List), the Sectoral Sanctions Identifications (SSI) List and/or the Non-SDN Menu-Based Sanctions List (NS-MBS List). Please visit the URL below to view this action.Read More