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

• A bill has been introduced in the US Congress aimed at a complete…
• The US Department of the Treasury's Office of Foreign Assets Control…
• The United States has removed from its sanctions lists the president…
• U.S. and Russia Agree on Diesel Fuel Exports
• The US Treasury Department announced that it will issue a temporary…
• The United States has imposed sanctions on the International…
• US authorities did not grant permission for the sale of foreign…
• The US Treasury Department declared A7, a Russian-linked payment…
• Through it, Russia purchases foreign components for the defense…
• Currently, the shares in NIS are distributed as follows

Recent coverage

• Second bill to cancel the diesel deal with Russia has been submitted to the US Congress — Вести
• US lifted sanctions on head of Belaruskalya — Интерфакс
• USA excluded director of — Вести
• Peskov stated that the OFAC license for selling foreign assets of 'LUKOIL' can be extended 'without difficulty' — Интерфакс
• OFAC extended the license for transactions with foreign Lukoil gas stations until April 24, 2027 — Интерфакс
• USA lifted sanctions on the president of the Venezuelan parliament Jorge Rodriguez — Вести
• Expert Azhgirevich commented on the decision to supply US with Russian diesel — Вечерняя Москва
• US Treasury opens a channel for Russian diesel — РИАМО
• US Department of Finance issued general license No. 135 on October 9, permitting operations with Russian-origin diesel fuel... — Радио Свобода
• OFAC issued a license for Russian diesel supplies at Trump's instruction — Интерфакс
• US introduced sanctions against the International Criminal Court — ASTRA
• US Treasury Department added the International Criminal Court to sanctions lists — Интерфакс
• OFAC extended license for mandatory payments in Russia for another quarter — Интерфакс
• Agreement on the sale of international "Lukoil" to American fund lost its force — Ведомости
• Agreement on the sale of foreign assets of LUKOIL by investment company Carlyle expired in July — Интерфакс
• Lukoil shares set a six-month high — Ведомости
• USA added Russian payment system A7 to sanctions list for Iran — Коммерсантъ
• US Treasury Department Recognized Transnational Criminal Organization as Payment Network A7, Used by Russia and Iran to Evade Sanctions... — The Insider
• US declared Russian payment system for sanctions evasion A7 a transnational criminal organization — The Moscow Times
• OFAC extended MOL license for negotiations on purchase of NIS from Gazprom Neft — Интерфакс