OFAC
org_government
OFAC, or the U.S. Department of the Treasury's Office of Foreign Assets Control, is a government agency responsible for administering and enforcing economic sanctions. It has imposed sanctions on numerous entities, including Russian companies like Lukoil and its subsidiaries, as well as Indian legal entities and individuals for allegedly facilitating evasion of sanctions. OFAC also issues licenses that permit certain transactions under strict conditions, such as those involving NIS, a company engaged in oil exploration and production. The agency plays a key role in monitoring foreign assets a…
Recent coverage
- US imposes sanctions against key financier of Iran's new supreme leader — Фонтанка
- Number of sanctioned Russian individuals increased by 1,200 in the first half of the year — Интерфакс
- US Lifts Anti-Russian Sanctions on Four Indian Companies — Коммерсантъ
- US Treasury extends license for Serbian NIS by 30 days — Коммерсантъ
- US extends operating license for sanctioned company NIS until July 31 — Вести
- Russian stock market opened on the morning session with a 1.2% drop in the IMOEX2 index — Интерфакс
- US Treasury extends license for Lukoil asset transactions until July 25 — Ведомости
- US Removes Sanctions from Two Russian Cargo Ships — Интерфакс
- US Lifts Sanctions on Three Russians — Фонтанка
- US issued temporary license for operations with Iranian oil — Фонтанка
- Kremlin Reports Commercial Contacts with Serbia over Energy Company NIS — Интерфакс
- OFAC authorized transactions with Venezuelan airline Conviasa and PDVSA bonds — Ведомости