New General Licenses from OFAC for Russian Harmful Foreign Activities Sanctions Released
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May 7, 2026
The Office of Foreign Assets Control (OFAC) from the Department of the Treasury has issued an update to the Russian Harmful Foreign Activities Sanctions Regulations. Four new General Licenses (GL) have been published. These are GL 55E, 115C, 13P, and 131C.
General License No. 55E
GL 55E allows specific services related to the Sakhalin-2 project. Transactions that were previously banned are now allowed if they meet certain conditions. The license covers the maritime transport of crude oil from Sakhalin-2 but only if it is going to Japan. This GL will expire on June 18, 2026.
General License No. 115C
GL 115C permits transactions related to civil nuclear energy. It includes a list of specific banks and entities. This license is also set to expire on June 18, 2026. Transactions must be related to projects that started before November 21, 2024.
General License No. 13P
GL 13P allows certain administrative transactions. This is for U.S. persons or companies in Russia. It covers things like paying taxes, fees, or getting permits. This license will end on April 9, 2026.
General License No. 131C
GL 131C allows deals involving Lukoil International GmbH. It lets people negotiate and enter contracts for the sale of Lukoil International GmbH. This license also includes maintenance activities and it expires on April 1, 2026.
Each GL has specific limitations. None of them allow transactions involving blocked persons unless separately authorized. All transactions or persons are required to meet specific criteria as outlined by the OFAC guidelines.
For more information, visit OFAC’s website.
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