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…
Events
- US Sanctions 5 Cuban Orgs and Castro's Grandson
- US Removes Syria from Terror Sponsor List
- U.S. extends license for Lukoil asset sales
- US Sanctions ICC Leaders Over Jurisdiction Dispute
- The US Department of the Treasury reports that the United States has…
- The US Treasury Department extended the license for selling foreign…
- US Treasury Department imposed sanctions on two Russian citizens and…
- Tehran condemns the US Treasury's decision to revoke its license for…
- The U.S. Department of the Treasury's Office and Foreign Assets…
- The US has issued a temporary license for operations involving…
Recent coverage
- USA imposed sanctions against "Cuban elite." Grandson of Raúl Castro added to blacklist — Фонтанка
- USA extended NIS operational license until September 30 — Интерфакс
- USA again extended the permit for import of part of Russian diamonds — Коммерсантъ
- US named main Iranian sectors targeted by sanctions — Вести
- US Treasury warns of sanction risks for complying with Iran's requirements in the Strait of Hormuz — Интерфакс
- USA excluded Syria from list of countries - sponsors of terrorism — Вести
- US Treasury Department imposed sanctions on individuals linked to Iran — Ведомости
- OFAC extended license for sale of foreign assets of Lukoil — Ведомости
- US introduced sanctions against 10 individuals for aiding cash smuggling to Hezbollah — Интерфакс
- US Treasury extends Lukoil's sale of foreign assets deadline to September 19 — Коммерсантъ
- US Treasury extends Lukoil's sale of foreign assets deadline to September 19 — Коммерсантъ
- USA introduced sanctions against the president and judge of the ICC — Вести
- Results of August 3 — Рыбарь
- US Treasury extends MOL license with Gazprom Neft until August 28 — Интерфакс
- U.S. Department of the Treasury extended the NIS license until August 28 — Ведомости
- U.S. OFAC extended the license for Serbian NIS until August 28 — Интерфакс
- US imposes sanctions on five Russian companies for ties with Iran — Фонтанка
- USA imposed sanctions on five companies due to Iran — Вести
- Serbian NIS submitted to OFAC for extension of operational activity after July 31 — Интерфакс
- USA extended the deadline for selling Lukoil's foreign assets to end of August — Коммерсантъ