OFAC issued preliminary guidance on the implementation of a price cap policy related to the partial ban on the import of petroleum products originating from the Russian Federation.
News & Insights
OFAC sanctioned 18 entities related to the Russian Federation's financial services sector as part of a broader effort to limit Russia's ability to fund its war against Ukraine.
A virtual currency exchange settled OFAC charges for violating the Iranian Transactions and Sanctions Regulations.
OFAC determined that an Executive Order prohibiting new investment and services to the Russian Federation applies to the maritime transportation of Russian Federation-origin crude oil and petroleum products purchased under a certain price cap.
OFAC issued a revised General License authorizing energy-related transactions with certain entities through 12:01 a.m. May 15, 2023. The previous version of the GL, authorized such transactions through December 5, 2022.