Treasury Department Issues Web General License for Cyber-Related Sanctions Estimated reading time: 1–7 minutes On June 10, 2026, the Department of the Treasury published an important document in the Federal Register. The Office of Foreign Assets Control (OFAC) has issued a new Web General License, known as GL 2. This license is part of the Cyber-Related Sanctions Regulations, under 31 CFR Part 578. The purpose of General License 2 is to allow certain transactions that are usually not allowed. These transactions involve Anco Water Supply Co. Ltd. and help with the treatment and distribution of drinking water. The license makes sure that even if there are sanctions, people can still have access to clean water. GL 2 was first issued on April 23, 2026. The license was published on OFAC’s website, which can be visited here: OFAC Website. The license has some rules. It allows transactions with Anco Water Supply Co. Ltd., but only if they help with drinking water. If Anco Water Supply Co. Ltd. owns 50% or more of another company, those transactions can also be allowed. However, it does not allow other kinds of transactions that are still blocked by the Cyber-Related Sanctions Regulations. If you want more information, you can contact OFAC’s Assistant Director for Regulatory Affairs at 202-622-4855 or visit their website for more details. The Director of OFAC, Bradley T. Smith, signed the document. This action shows that the Treasury Department is working to balance sanctions with important needs like clean water. This announcement is available in Volume 91, Number 111 of the Federal Register, as [FR Doc No: 2026-11592]. It was filed on June 9, 2026. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

New Sanctions Regulations Announced by the Treasury Department Estimated reading time: 1–4 minutes The U.S. Department of the Treasury has published new regulations related to international sanctions. These regulations come from a department known as the Office of Foreign Assets Control (OFAC). These rules are part of the International Criminal Court-Related Sanctions Regulations. General License 11 Released A special rule was published called a “General License” or GL. This specific one is named General License 11 (GL 11). OFAC had released GL 11 online before now. This document allows certain actions that were previously not allowed under earlier sanctions rules. Important Dates to Know GL 11 was first made official on December 18, 2025. But, it was only valid for one month and ended on January 17, 2026. This means that any actions that were allowed by GL 11 had to be completed by that January date. Who is Affected? GL 11 is related to people named Gocha Lordkipanidze and Erdenebalsuren Damdin. It also affects companies where these people own at least 50% directly or indirectly. If you want to wind down deals with them, you could have done so through GL 11. But, any money paid had to go into special accounts in the U.S. Restrictions and Rules Even though GL 11 allowed some actions, it didn’t allow everything. Transactions with other blocked people outside of the ones mentioned were still prohibited unless separately allowed. Official Statement This new regulation and GL 11 were signed by Bradley T. Smith. Smith is the Director of the Office of Foreign Assets Control. For more information, people can check the OFAC website. The official document is publicly available for review and clarifies the rules. Conclusion The GL 11 provides a temporary rule to handle certain transactions that weren’t allowed before. However, it expired on January 17, 2026. Therefore, ongoing adherence to more permanent rules is necessary. All these updates can be found on the official government website. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

U.S. Treasury Publishes Iran-Related Licenses U and V Estimated reading time: 1–2 minutes The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued two Iran-related general licenses. These licenses, known as GL U and GL V, were initially made available on OFAC’s website and are now being published in the Federal Register. General License U: GL U was issued on March 20, 2026. This license allows certain transactions that were otherwise prohibited under multiple regulations and executive orders. It mainly authorizes the delivery and sale of Iranian-origin crude oil and petroleum products which were loaded on vessels by March 20, 2026. These transactions include necessary activities like safe docking, crew safety, emergency repairs, and environmental measures. The oil and petroleum products can also be imported into the United States if it is part of these authorized transactions. However, this license does not allow transactions with certain prohibited regions or persons described by other U.S. sanctions. GL U expired on April 19, 2026. General License V: GL V was issued on April 24, 2026. It allows the wind down of transactions related to Hengli Petrochemical (Dalian) Refinery Co., Ltd., or any entity where this company holds a 50 percent or larger interest. This license makes sure that any payments to blocked persons go into a blocked, interest-bearing account in the United States. This license does not cover transactions with any other blocked persons outside of those specifically mentioned. GL V expired on May 24, 2026. The publication of these licenses ensures transparency and provides detailed guidelines for those involved in allowed transactions under OFAC’s regulations. More information can be found on OFAC’s official website. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

New General Licenses Issued for Venezuela Sanctions Regulations Estimated reading time: 3–5 minutes Dates of the Licenses GL 5U was issued on February 2, 2026. This license replaced an older license, GL 5T. Then, on March 19, 2026, OFAC issued GL 5V. This new license, GL 5V, replaced GL 5U. Both licenses are available on the OFAC website. Purpose of the Licenses The licenses allow certain dealings with the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond. These dealings were restricted by an executive order in 2018, which became part of the Venezuela Sanctions Regulations. License GL 5U Details Starting from March 20, 2026, GL 5U allows all transactions, financing, and other dealings with the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond. It replaces GL 5T completely. However, it does not allow actions that are prohibited by other parts of the Venezuela Sanctions Regulations. License GL 5V Details Effective from May 5, 2026, GL 5V authorizes similar transactions as GL 5U. It also involves the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond. Like GL 5U, it does not permit activities otherwise banned by the Venezuela Sanctions Regulations. People looking for more information or needing assistance can contact the OFAC office directly. Full details can also be accessed on OFAC’s website. Source This information is from the Federal Register, Volume 91 Issue 111 (Wednesday, June 10, 2026). For more official details, visit the OFAC website. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

U.S. Department of Treasury Announces Updates to Venezuela Sanctions Regulations Estimated reading time: 3 minutes The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has published new general licenses connected to the Venezuela Sanctions Regulations. These licenses are numbered 48A and 49A. They were first issued on March 13, 2026, and were made available on OFAC’s website. General License No. 48A This license allows certain dealings that were blocked by the Venezuela Sanctions Regulations. These transactions involve specific items and services provided to Venezuela. The activities include providing goods, technology, software, or services for oil, gas, or petrochemical exploration and production. It also includes the generation and distribution of electricity in Venezuela. Companies must ensure that any contracts with the Government of Venezuela or Petróleos de Venezuela, S.A. (PdVSA) have U.S. laws governing them. Disputes need to be resolved in the United States. Payments for these transactions, except for local taxes, must go into a specified account according to Executive Order 14373. General License No. 49A This license allows the negotiation and creation of new contracts for investment in Venezuela. These are specifically for oil, gas, petrochemical, or electricity sectors. However, these contracts must be contingent. This means that actual work cannot start unless OFAC gives further approval. Restrictions Both licenses have specific conditions and restrictions. They do not allow payment in digital currency issued by the Venezuelan government. They also do not permit transactions with any individuals or entities associated with countries like Russia, Iran, or North Korea. Additionally, any new joint business formations in Venezuela need separate permissions. Reporting Requirements Companies involved must report to OFAC within ten days after a transaction. They will need to provide details about the parties and the nature of transactions. This includes the items involved and any payments to the Venezuelan Government. Bradley T. Smith, Director of the Office of Foreign Assets Control, issued these regulations on March 13, 2026. For more information, licenses and updates are available on the Department of Treasury’s website under OFAC sections. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

U.S. Department of Treasury Announces OFAC Sanctions Actions Estimated reading time: 3–5 minutes The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has shared updates about sanctions. On May 21, 2026, OFAC made some important changes to their list of sanctioned entities. OFAC removed certain names from the Specially Designated Nationals and Blocked Persons List (SDN List). This means their property and interests in property that were blocked are now unblocked. The names removed include individuals and organizations linked to terrorism. One such individual is Ayadi Chafiq Bin Muhammad. His properties were unblocked following OFAC’s decision. Another entity removed from the list is Lajnat al Daawa al Islamiyya. This organization, also known as the Islamic Call Committee, had its properties unblocked under the executive orders. OFAC explained that these actions are based on Executive Order 13224. This order is aimed at blocking properties of those who support terrorism. In addition to removals, OFAC added new names to the SDN List. Ayadi Chafiq Bin Muhammad, formerly unblocked, is re-designated. This means his properties and interests are again blocked. OFAC determined that he supported Al Qa’ida, a known terrorist group. Lajnat al Daawa al Islamiyya is also back on the list. This organization is linked to Al Qa’ida as well. These actions are based on the updated sanctions authority under Executive Order 13886. This order was part of the efforts to modernize sanctions related to combating terrorism. For anyone seeking more details, the OFAC website provides complete information. The public can view the SDN List and find out more about sanctions programs there. The changes in sanctions aim to prevent support for terrorist activities. The Treasury Department takes such measures seriously to safeguard the U.S. and its interests. (Contact information for further details: OFAC, 202-622-2420, or visit their website at https://ofac.treasury.gov). Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

Treasury Department Blocks Persons Under New OFAC Sanctions Estimated reading time: 3 minutes In a recent action, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken a significant step. On May 21, 2026, OFAC issued a notice regarding sanctions actions. This involves placing certain individuals on the Specially Designated Nationals and Blocked Persons List, also known as the SDN List. When a person is on the SDN List, it means that any property or interests they have in the U.S. are frozen or blocked. U.S. persons, including companies and citizens, cannot engage in transactions with these individuals. This is part of the U.S. strategy to address certain legal and policy concerns. The information about these sanctions was published in the Federal Register, Volume 91, Issue 100. The document confirms that these actions met specific legal criteria. It also states that these measures were put into effect starting on May 21, 2026. OFAC has made sure that these lists are available to the public. People can find the SDN List and more details about OFAC’s sanctions programs on their official website here. For further details or inquiries, OFAC has provided contact information. People can reach out to the Associate Director for Global Targeting, the Assistant Director for Licensing, or the Assistant Director for Sanctions Compliance through the phone numbers listed. Bradley T. Smith, the Director of the Office of Foreign Assets Control, is one of the key figures associated with this notice. This action highlights the U.S. government’s continued efforts to enforce policies against activities that they deem problematic. Such sanctions have a major impact on global financial and business dealings. It is essential for businesses and citizens to be aware of these changes. Being informed about the SDN List helps ensure compliance with U.S. laws and avoids potential fines or legal troubles. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

New Sanctions Announced by U.S. Department of Treasury Estimated reading time: 2–4 minutes The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced new sanctions. This update was published in the Federal Register, Volume 91, Issue 90 on May 11, 2026. In a notice released by the Office of Foreign Assets Control, several individuals have been added to the Specially Designated Nationals and Blocked Persons List, commonly called the SDN List. These names were added because they met the legal rules for sanctions. When people or companies are put on this list, their property that is within the U.S. can be blocked. Also, U.S. citizens and companies are not allowed to do business with them. The update was officially issued on May 1, 2026. It is very important for people and businesses to check this list regularly to make sure they do not accidentally break the law by doing business with these people. These sanctions are available online. More information about the SDN List and sanction programs can be found on OFAC’s official website. The website is accessible at https://ofac.treasury.gov. For those needing further information, OFAC can be contacted. The Associate Director for Global Targeting can be reached at 202-622-2420. The Assistant Director for Licensing is available at 202-622-2480. The Assistant Director for Sanctions Compliance is reachable at 202-622-2490. The legal authority under which these actions are taken is Executive Order 13902. The update also includes some Billing Code graphics for official use. Bradley T. Smith, the Director of the Office of Foreign Assets Control, signed the notice. The document number for this notice is 2026-09249. This update shows the ongoing efforts of the U.S. Treasury to enforce sanctions and maintain economic security. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

Treasury Department Announces New Sanctions Action Estimated reading time: 2 minutes Washington, D.C.—The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has just issued a new sanctions action. This announcement was published in the Federal Register on May 11, 2026. OFAC has identified certain individuals to be placed on the Specially Designated Nationals and Blocked Persons List, also known as the SDN List. These individuals have had their property and interests within the U.S. jurisdiction blocked. U.S. persons are generally prohibited from engaging in any transactions with them. This decision was made on April 28, 2026. The SDN List is a crucial tool for the OFAC. Electronic access to this list and more information about sanctions programs are available on the OFAC website, which can be visited at https://ofac.treasury.gov. This action has been authorized under Executive Order 13224, as amended, and Executive Order 13902. For any further details, individuals can contact OFAC through the provided numbers: Associate Director for Global Targeting at 202-622-2420, Assistant Director for Licensing at 202-622-2480, or Assistant Director for Sanctions Compliance at 202-622-2490. Additionally, people interested can reach OFAC through their contact page at https://ofac.treasury.gov/contact-ofac. Lisa M. Palluconi, the Deputy Director of the Office of Foreign Assets Control, made the announcement under document number 2026-09250. This action is part of the Treasury’s ongoing efforts to safeguard the nation’s interests and prevent unlawful financial activities. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

U.S. Treasury’s OFAC Announces Sanctions on Maritime Entities Estimated reading time: 3–6 minutes On May 11, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published new sanctions. These sanctions block one or more entities and vessels. The entities and vessels were added to the Specially Designated Nationals and Blocked Persons List (SDN List). The reason for the addition is that these entities have met OFAC’s legal criteria. They are blocked under U.S. jurisdiction. U.S. persons cannot do business with them. The entities blocked are involved in Iran’s petroleum sector. They are controlled under Executive Order 13902. This order imposes penalties in sectors like petroleum. The entities named include: Costin Shipping Limited in Hong Kong, China. Founded on March 12, 2025, its number is IMO 0191080. Mihir Shipping Inc. in Marshall Islands. Founded on December 8, 2025, its number is IMO 0404616. Naxos Maritime and Trading S.A. in Panama. Founded in 2023, its number is IMO 6395865. Patriot Inc. in Marshall Islands. Founded on December 6, 2024, its number is IMO 0237023. And various others located in China, Panama, and the Marshall Islands. The vessels named include: BANGUS, a Crude/Oil Products Tanker under Barbados flag, IMO 9308998. Linked to Costin Shipping Limited. GALVIN, an LPG Tanker flying Panama flag, IMO 9387762. Linked to Naxos Maritime and Trading S.A. HH GLORY, an LPG Tanker also having Panama flag, IMO 9534614. Linked to Skyros Maritime and Trading S.A. Plus several more tankers linked to different entities. These entities and vessels are linked to individuals and companies whose property is blocked. The designated companies have operations in the petroleum and petrochemical sectors in Iran. All the affected entities and vessels are listed online on OFAC’s website for further information. Bradley T. Smith is the Director of OFAC. He approved these official actions under Executive Order 13902. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

Department of Treasury’s OFAC Issues General License Under Belarus Sanctions Estimated reading time: 3–5 minutes The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued a new general license under the Belarus Sanctions Regulations. This general license, known as General License No. 14 (GL 14), allows certain transactions that were previously prohibited. GL 14 was made publicly available on the OFAC’s website on March 26, 2026. The issuance of GL 14 permits transactions involving several key entities. These include the Belarussian Bank of Development and Reconstruction Belinvestbank Joint Stock Company, Limited Liability Company Belinvest-Engineering, and CJSC Belbizneslizing. Additionally, any entity where these organizations own 50 percent or more interest is included. However, GL 14 does not unfreeze any property that remains blocked according to the regulations in 31 CFR chapter V. It also does not authorize transactions involving property of individuals or organizations that are blocked under these sanctions, other than those specifically mentioned in the general license. This action is part of OFAC’s ongoing regulatory responsibilities and was officially recorded on March 26, 2026. For more information, individuals can contact OFAC’s Assistant Director for Regulatory Affairs. Additional details are also available on OFAC’s official website. Bradley T. Smith, the Director of the Office of Foreign Assets Control, signed the document confirming these changes. The document has been filed and is part of the Federal Register Volume 91, Number 88. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

Treasury’s Office of Foreign Assets Control Issues New General License Estimated reading time: 3-5 minutes The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued a new General License. This General License is known as GL 34. It was issued on February 19, 2026. GL 34 is related to the Global Terrorism Sanctions Regulations and the Illicit Drug Trade Sanctions Regulations. These are found in 31 CFR parts 594 and 599. The General License allows certain actions that are usually not allowed. It lets people do business with Kovay Gardens. This includes any company Kovay Gardens owns 50 percent or more of. But there are some rules. These actions must end by March 21, 2026. They must finish by 12:01 a.m. Eastern Daylight Time. If Kovay Gardens owes money to a blocked person, the money must go into a blocked account. This follows the rules of the Illicit Drug Trade Sanctions and Global Terrorism Sanctions. The General License does not cover everything. It does not let people do business with other blocked persons unless given special permission. Bradley T. Smith, the Director of OFAC, signed the General License. The document about this was filed on May 6, 2026. You can find more details on the OFAC website at ofac.treasury.gov. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

New General License Issued for the Democratic Republic of the Congo Sanctions Estimated reading time: 2–3 minutes The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has published a new general license related to the Democratic Republic of the Congo (DRC) sanctions. This was made available in the Federal Register, Volume 91, Issue 88, on Thursday, May 7, 2026. The general license is part of the DRC Sanctions Regulations found in 31 CFR Part 547. Background and Information OFAC issued General License No. 1 on March 2, 2026. It allows certain transactions that are usually not permitted. These transactions involve the Rwanda Defence Force (RDF) or any group where RDF has a 50% or greater interest. The General License is available online on the OFAC website. Details of the General License General License No. 1 lets some transactions happen. These are needed for winding down transactions with the Rwanda Defence Force. It is important that any payments to blocked persons go into a blocked account. This will follow the DRC Sanctions Regulations. Transactions involving RDF are allowed through April 1, 2026, ending at 12:01 a.m. Eastern Daylight Time. Payments to blocked persons must go into blocked accounts. The license does not allow any other forbidden transactions under the DRC Sanctions Regulations. Bradley T. Smith, Director of the Office of Foreign Assets Control, signed off on this General License. He did this on March 2, 2026. Contact Information For more details, contact the OFAC Assistant Director for Regulatory Affairs at 202-622-4855. More information is also on the OFAC website. The ultimate goal is to manage and regulate transactions regarding DRC sanctions effectively. This move represents a strategic decision by OFAC to handle certain unavoidable transactions in a controlled manner. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

New General Licenses from OFAC for Russian Harmful Foreign Activities Sanctions Released Estimated reading time: 3–5 minutes 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. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

New Venezuela Sanctions Regulations: Understanding the Recent OFAC General Licenses Estimated reading time: 3–5 minutes The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued new General Licenses under the Venezuela Sanctions Regulations. These licenses are numbered 47, 48, 49, and 50. They were initially released on the OFAC website and are now published in the Federal Register. Let’s break down what each of these licenses means. General License No. 47 GL 47 was issued on February 3, 2026. It allows certain transactions that are usually not allowed due to the Venezuela Sanctions. These transactions must be linked to selling U.S.-origin diluents to Venezuela. This includes businesses like Petróleos de Venezuela, S.A. (PdVSA) and others it owns. The transactions must be essential and usual for sales, storage, and transport of these diluents. Contracts must state that U.S. laws govern them and any issues resolved in the U.S. However, this license does not allow unusual payment terms, exchanges in gold, or using digital currency. General License No. 48 Issued on February 10, 2026, GL 48 permits supplying specific items and services to Venezuela for oil and gas exploration. Like GL 47, any contracts must adhere to U.S. laws and resolve disputes within the United States. This license does not permit using digital currency or involve people or companies from countries like Russia, Iran, or China. Additionally, it prohibits forming new joint ventures in Venezuela related to oil or gas. General License No. 49 GL 49, issued on February 13, 2026, allows negotiations and forming conditional contracts for investments in Venezuela’s oil and gas sectors. These contracts must be pending until authorized separately by OFAC. This license doesn’t unblock any assets frozen under the Venezuela Sanctions Regulations and does not involve entities from certain countries such as North Korea or Cuba. General License No. 50 Also dated February 13, 2026, GL 50 permits transactions related to oil and gas operations by specific companies listed in its annex. The companies include BP PLC, Chevron Corporation, and others. Contracts must reflect U.S. legal jurisdiction, with payment conditions following Executive Order 14373. The license doesn’t permit unusual payments or involve various specified countries. Reporting and Compliance All entities engaging in activities under these licenses must report detailed transaction information to OFAC within specified time frames. It’s important to follow all necessary federal agency requirements, including the Department of Commerce’s rules. Conclusion The OFAC General Licenses provide structured pathways for engaging in specific economic activities with Venezuela. Interested parties must comply with the detailed requirements of each license. For more information, visit the OFAC website at https://ofac.treasury.gov. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

U.S. Treasury Publishes New Venezuela Sanctions Regulations Estimated reading time: 3–5 minutes The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has made important updates. They have published three new general licenses (GLs). These are connected to the Venezuela Sanctions Regulations. The general licenses are numbered 46, 46A, and 46B. They were first available on the OFAC website. These licenses allow specific activities involving Venezuelan oil. They also concern petrochemical products. This means that certain business activities that were not allowed before, are now possible under these licenses. The first license, GL 46, was issued on January 29, 2026. It allows transactions that are necessary and ordinary. These include lifting, selling, and storing Venezuelan oil by U.S. companies formed before January 29, 2025. GL 46 was replaced by GL 46A on February 10, 2026. GL 46A keeps the same rules but adds a small change. It clarifies how monetary payments to blocked persons can be made. GL 46A was then replaced by GL 46B on March 13, 2026. It expands the authorization to include not only oil but also petrochemical products. Petrochemical products include chemicals used for fertilizers, like sulfur and ammonia. All contracts under these licenses must comply with U.S. laws. They must also settle disputes in U.S. courts. There are limitations under these licenses. Payments cannot be made in gold or digital currencies connected to the Venezuelan government. Also, transactions with people in countries like Russia, Iran, and North Korea are not allowed. Companies using these licenses must report to OFAC if they export to countries other than the United States. They must list details of these transactions, including who is involved and quantities sold. Reports are due 10 days after the first transaction and every 90 days after that. Bradley T. Smith, the director of OFAC, signed these licenses. These changes help U.S. companies engage in specific trade activities with Venezuela. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

Treasury Announces Updates to Iranian Sanctions Estimated reading time: 3–5 minutes Department of Treasury Publishes General Licenses for Iranian Sanctions The United States Department of the Treasury has released important information about sanctions relating to Iran. Specifically, the Office of Foreign Assets Control (OFAC) has published general licenses (GLs) S and T. These licenses relate to the Iranian sanctions program and were made available on the OFAC website. Details of General License S General License S was issued on December 18, 2025. This license allows certain transactions that were previously banned under Executive Order 13902. Executive Order 13902, issued on January 10, 2020, pertains to additional sectors of Iran. License S was valid until January 18, 2026. GL S permits: Safe docking and anchoring of blocked vessels in specific ports, excluding ports in Iran, Russia, Venezuela, or those under the control of these countries. Activities necessary for the health or safety of the vessel crew. Emergency repairs and environmental protection for the blocked vessels. Delivery and offloading of cargo loaded before December 18, 2025, as long as it is not of Iranian origin and does not occur in the excluded ports. However, GL S does not allow: New commercial contracts involving blocked persons. Any other transactions prohibited by Executive Order 13902 or other regulations. Details of General License T General License T was issued on January 23, 2026. It similarly authorizes certain transactions banned by Executive Order 13902. This authorization was valid until February 22, 2026. GL T allows: Safe docking and anchoring of blocked vessels, with the same port exclusions as in GL S. Preservation of crew health or safety. Emergency repairs and environmental protection activities. Delivery and offloading of cargo loaded before January 23, 2026, that is not of Iranian origin and excludes the blacklisted ports. However, GL T does not permit: The entry into new commercial contracts with blocked persons. Any actions or transactions that Executive Order 13902 prohibits. Blocked Persons and Vessels The licenses also include a list of blocked persons and vessels. These are entities and ships that cannot engage in new commercial activities that are not specifically authorized by the licenses. For example, companies like Phoenix Ship Management FZE and vessels such as NEBULA DRIFT and AETHER SAIL are listed under GL S. Under GL T, entities such as Horizon Harvest Shipping LLC and vessels like SEA BIRD are included. Both General Licenses play a crucial part in the ongoing management of Iranian sanctions. The Department of the Treasury remains committed to its sanctions enforcement to ensure compliance and mitigate risks associated with listed entities. For more information, further details can be found on the official OFAC website. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

OFAC Issues Updates to Sanctions List Entries Estimated reading time: 1–3 minutes Date: 2026-02-12 Source: Federal Register, Volume 91, Number 29, Page 6732 The U.S. Department of the Treasury, through its Office of Foreign Assets Control (OFAC), has made official updates to names listed on one or more of its sanctions lists. These updates were made on October 2, 2024. The updates help correct minor errors and improve how the information is written. This helps make the data consistent and easier to understand. The changes are part of OFAC’s ongoing efforts to keep its sanctions data accurate. The corrected names and the related legal authorities can be found online. To view the updated names and details, OFAC provides the direct link here: https://ofac.treasury.gov/recent-actions/20241002 People can also go to OFAC’s website at https://ofac.treasury.gov to get more information about OFAC’s sanctions programs and lists. If anyone needs more help or has questions, they can contact OFAC: Office of Sanctions Support and Operations: 202-622-6943 Office of Global Targeting: 202-622-2420 Online form: https://ofac.treasury.gov/contact-ofac This notice is given under the authority of 31 CFR Chapter V. The notice was signed by Bradley T. Smith, the Director of the Office of Foreign Assets Control. Document Number: 2026-02835 Filed: February 11, 2026, at 8:45 a.m. Billing Code: 4810-AL-P Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

U.S. Treasury Updates Sanctions List Records Estimated reading time: 1–3 minutes Date: 2026-02-12 Source: Federal Register Volume 91, Number 29 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a notice on February 12, 2026. The notice includes updates to names already listed on one or more of OFAC’s sanctions lists. The changes were made on November 27, 2024. The updated names help improve data accuracy and consistency. Some names had small errors. OFAC corrected those. The updated names and full list are published at this link: https://ofac.treasury.gov/recent-actions/20241127 These changes were issued under Title 31 of the Code of Federal Regulations, Chapter V. The notice was signed by Bradley T. Smith. He is the Director of the Office of Foreign Assets Control. More information about OFAC sanctions is available at: https://ofac.treasury.gov Anyone with questions can contact OFAC by phone: Office of Sanctions Support and Operations: 202-622-6943 Office of Global Targeting: 202-622-2420 Or online at: https://ofac.treasury.gov/contact-ofac The official document number for this notice is 2026-02836. It was filed on February 11, 2026, at 8:45 a.m. BILLING CODE: 4810-AL-P Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

Treasury Department Updates Sanctions List Information Estimated reading time: 2–4 minutes The U.S. Department of the Treasury has released a new notice through the Office of Foreign Assets Control (OFAC). The notice was published in the Federal Register, Volume 91, Number 29, on Thursday, February 12, 2026. OFAC is part of the Department of the Treasury. This office manages and enforces economic and trade sanctions. The notice reports changes to information on OFAC’s sanctions lists. These changes were made to fix errors and improve how data is shown. The updates were made on April 22, 2025. These updates affect entries already on one or more of OFAC’s sanctions lists. OFAC updated names of individuals or groups. The goal is to make information clear, accurate, and consistent. No new names were added. The changes focus only on correcting and improving existing records. The updated names and related sanctions authorities can be found online. OFAC provided a direct link: https://ofac.treasury.gov/recent-actions/20250422. Anyone who wants more information or has questions can contact OFAC. There are contacts for the Associate Director for the Office of Sanctions Support and Operations at 202-622-6943. There is also a contact number for the Associate Director for Global Targeting at 202-622-2420. More details about OFAC and its sanctions programs are also online at https://ofac.treasury.gov. The notice was signed by Bradley T. Smith. He is the Director of the Office of Foreign Assets Control. The official document was filed on February 11, 2026. It was published the next day. The full document number is 2026-02837. The billing code for this action is 4810-AL-P. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

U.S. Treasury Updates Sanctions List Information Estimated reading time: 1–7 minutes Date: 2026-02-12 Source: Federal Register, Volume 91, Number 29, Page 6732 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has released an official update. This notice appeared in the Federal Register on February 12, 2026. OFAC made changes to names listed in its sanctions records. These changes were made on June 18, 2025. The updates help improve how data is reported. They also fix small errors in past records. The changes affect names currently on OFAC’s sanctions lists. These lists are used to show who is under U.S. sanctions. Updating the information keeps the records correct and in line with data standards. The public can view the updated names and related sanctions laws at: https://ofac.treasury.gov/recent-actions/20250618 OFAC’s lists and other sanctions program details are online at: https://ofac.treasury.gov If you have questions, you can contact OFAC: Office of Sanctions Support and Operations: 202-622-6943 Office of Global Targeting: 202-622-2420 Online contact form: https://ofac.treasury.gov/contact-ofac This notice was signed by Bradley T. Smith. He is the Director of the Office of Foreign Assets Control. The notice was filed on February 11, 2026, at 8:45 a.m. Document Number: 2026-02838 Billing Code: 4810-AL-P Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

U.S. Treasury Updates Sanctions List Entries Estimated reading time: 2–3 minutes Date: 2026-02-12 Source: Federal Register, Volume 91, Issue 29, Page 6731 The U.S. Department of the Treasury has released a notice through its Office of Foreign Assets Control (OFAC). The notice was published in the Federal Register on Thursday, February 12, 2026. The reference number for the official document is 2026-02839. Action Taken OFAC announced updates to information about certain individuals or entities on its sanctions lists. The updates are meant to improve data consistency. Some entries had small mistakes, and these have been corrected. These changes do not add new names to the sanctions lists. They only fix or standardize the way existing names are shown. Update Date OFAC made the updates on August 6, 2025. Details of the Changes The new information is available on OFAC’s website listed at: https://ofac.treasury.gov/recent-actions/20250806 Purpose OFAC publishes these updates to ensure accuracy in how names and details appear on the lists. They are part of OFAC’s ongoing work to manage sanctions programs and support enforcement. Contact For more information, you can contact the U.S. Treasury: Office of Sanctions Support and Operations: 202-622-6943 Office of Global Targeting: 202-622-2420 Online: https://ofac.treasury.gov/contact-ofac Electronic Access OFAC’s full sanctions lists and updates are available at: https://ofac.treasury.gov Authority This notice was issued under the legal authority of 31 CFR Chapter V. Signed Bradley T. Smith Director, Office of Foreign Assets Control Filing Information Filed on February 11, 2026, at 8:45 a.m. Billing Code: 4810-AL-P End of Notice. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

U.S. Treasury Updates OFAC Sanctions List Estimated reading time: 1–5 minutes Date: 2026-02-12 Source: Federal Register Volume 91, Number 29 The Department of the Treasury has issued a notice about changes to the official sanctions list managed by the Office of Foreign Assets Control (OFAC). These changes were made to correct mistakes and to make the information clearer. OFAC updated identifying information related to one or more names already on its lists. These updates help improve accuracy and standardization in government records. The updates took place on September 23, 2025. These changes are part of OFAC’s ongoing effort to keep records correct and easy to use. The complete list of updated names and the legal reasons for their listing are available online. To see the full update, visit: https://ofac.treasury.gov/recent-actions/20250923 OFAC’s sanctions lists and more information about its work can also be found at: https://ofac.treasury.gov If you need help or have questions about these updates, you can contact OFAC at: Office of Sanctions Support and Operations: 202-622-6943 Office of Global Targeting: 202-622-2420 Online contact form: https://ofac.treasury.gov/contact-ofac This notice was signed by Bradley T. Smith, Director of the Office of Foreign Assets Control. Record Number: FR Doc 2026-02840 Filed: February 11, 2026 Code: 4810-AL-P Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

U.S. Treasury Issues New Sanctions on Individuals and Vessels Estimated reading time: 2–4 minutes Date: 2026-01-28 Source: Federal Register, Volume 91, Number 18 On January 23, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a new sanctions action. This action adds persons and vessels to the Specially Designated Nationals and Blocked Persons List (SDN List). These designations mean all property and interests in property of the listed persons or vessels that are in the U.S. or under the control of U.S. persons are blocked. U.S. persons are generally not allowed to conduct transactions or provide services to the persons or vessels on the list. OFAC identified one or more legal grounds that allow the action under Executive Order 13902. The assets of the named persons and vessels are now legally frozen under U.S. jurisdiction. The vessels named have been identified as property in which a blocked person has an interest. This action took effect as of January 23, 2026. The notice was published in the Federal Register on January 28, 2026, in pages 3783 to 3786. People can find the SDN List and learn more about OFAC sanctions by visiting the website: https://ofac.treasury.gov. For further questions, the public can contact: Associate Director for Global Targeting at 202-622-2420 Assistant Director for Licensing at 202-622-2480 Assistant Director for Sanctions Compliance at 202-622-2490 Or use the contact form at https://ofac.treasury.gov/contact-ofac The action was announced by Bradley T. Smith, Director of the Office of Foreign Assets Control. Federal Register Document Number: 2026-01646 Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

U.S. Treasury Imposes Sanctions on Individuals and Entities in Costa Rica for Drug Trade Ties Estimated reading time: 5–7 minutes The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced new sanctions related to the global illicit drug trade. This action follows Executive Order 14059, “Imposing Sanctions on Foreign Persons Involved in the Global Illicit Drug Trade,” signed on December 15, 2021. The designations were made on January 22, 2026. The listed individuals and entities are now added to OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List). All property and interests in property subject to U.S. jurisdiction are now blocked. U.S. persons are generally prohibited from engaging in transactions with them. INDIVIDUALS SANCTIONED: Anita Yorleny Mc Donal Rodriguez – Also known as Anita McDonald Rodriguez – From Limon, Costa Rica – Date of Birth: October 4, 1974 – Cedula No. 701120514 – Linked to Luis Manuel Picado Grijalba – Designated under Section 1(b)(iii) of Executive Order 14059 for acting for or on behalf of Picado Grijalba Estefania Mc Donald Rodriguez – Also known as Estefania McDonald Rodriguez – From Costa Rica – Date of Birth: April 9, 1992 – Cedula No. 702100887 – Linked to Luis Manuel Picado Grijalba – Designated under Section 1(b)(iii) of Executive Order 14059 for acting for or on behalf of Picado Grijalba Tonny Alexander Pena Russell – Also known as Tonny Alexander Peña Russell – From Limon, Costa Rica – Date of Birth: December 29, 1987 – Cedula No. 701820333 – Linked to Luis Manuel Picado Grijalba – Designated under Section 1(b)(i)(B) of Executive Order 14059 for providing support to Picado Grijalba Luis Manuel Picado Grijalba – Also known as “Shock” – From Limon, Costa Rica – Date of Birth: December 22, 1981 – Cedula No. 801190098 – Designated under Section 1(a)(i) of Executive Order 14059 for contributing to the international proliferation of illicit drugs Jordie Kevin Picado Grijalba – Also known as “Noni” – From Limon, Costa Rica – Date of Birth: May 19, 1993 – Cedula No. 702200042 – Designated under Section 1(a)(i) of Executive Order 14059 for contributing to the international proliferation of illicit drugs ENTITIES SANCTIONED: 3-101-507688 SA – Located in Limon, Costa Rica – Tax ID No. 3-101-507688 – Linked to Estefania Mc Donald Rodriguez – Designated under Section 1(b)(iii) of Executive Order 14059 ASOCIACION DE LIDERES LIMONENSES DEL SECTOR PESQUERO (also known as “ASOLIPES”) – Located in Limon, Costa Rica – Tax ID No. 3-002-384913 – Linked to Anita Yorleny Mc Donal Rodriguez – Designated under Section 1(b)(iii) of Executive Order 14059 CELAJES DE YORK CDY SA – Located in Limon, Costa Rica – Tax ID No. 3-101-313254 – Linked to Estefania Mc Donald Rodriguez – Designated under Section 1(b)(iii) of Executive Order 14059 INVERSIONES LAURITA L AND L SA (also known as INVERSIONES LAURITA L&L SA) – Located in San Jose, Costa Rica – Tax ID No. 3-101-703720 – Linked to Estefania Mc Donald Rodriguez – Designated under Section 1(b)(iii) of Executive Order 14059 MAGIC ESTHETIC SALON SA – Located in San Jose, Costa Rica – Tax ID No. 3-101-800676 – Linked to Estefania Mc Donald Rodriguez and Anita Yorleny Mc Donal Rodriguez – Designated under Section 1(b)(iii) of Executive Order 14059 U.S. persons are forbidden from doing business with these individuals and entities. Any property or interests under U.S. jurisdiction are now frozen. OFAC’s SDN List and sanctions details are publicly available on its website: https://ofac.treasury.gov For further questions, contact OFAC at 202-622-2420 or visit https://ofac.treasury.gov/contact-ofac Official reference: Federal Register Volume 91, Number 18 (January 28, 2026), Document No. 2026-01661. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

Treasury Department Publishes General License 13O Under Russian Sanctions Rules Estimated reading time: 3–5 minutes On January 20, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published General License (GL) 13O in the Federal Register. This license is part of the Russian Harmful Foreign Activities Sanctions Regulations, listed under 31 CFR Part 587. General License 13O was issued by OFAC on September 29, 2025. It is designed to allow U.S. persons and entities owned or controlled by U.S. persons to carry out specific transactions in Russia that would otherwise be prohibited. GL 13O permits the following activities, only if they are part of normal business work in Russia: Paying taxes. Paying fees. Paying import duties. Getting permits, licenses, registrations, or certifications. Receiving tax refunds. These actions are only allowed if they are ordinarily incident and necessary to daily operations in the Russian Federation. The permission lasts until 12:01 a.m. Eastern Standard Time on January 9, 2026. However, GL 13O does not allow: Any debit from an account at a U.S. financial institution that belongs to the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation. Any transactions that are separately prohibited under the Russian Harmful Foreign Activities Sanctions Regulations, including transactions with persons who are blocked under those rules. GL 13O replaces General License 13N, which was dated July 8, 2025. It fully supersedes GL 13N. The text of GL 13O was first made available on OFAC’s website on September 29, 2025. The license is now part of the official records in the Federal Register, Volume 91, Number 12. For more details and updates, visit OFAC’s website at https://ofac.treasury.gov. This action was signed and dated by Bradley T. Smith, Director of the Office of Foreign Assets Control, on September 29, 2025. [Federal Register Doc. No. 2026-00945] Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

U.S. Treasury Publishes General License 129 for Rosneft Entities Under Russia Sanctions Estimated reading time: 3–5 minutes The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has published General License No. 129 (GL 129) related to the Russian Harmful Foreign Activities Sanctions Regulations. GL 129 was originally issued on October 29, 2025. It appeared on OFAC’s official website the same day. It is now published in the Federal Register, Volume 91, Number 12, on pages 2301–2302. This license allows some transactions involving two specific companies: Rosneft Deutschland GmbH (also called RN Germany) and RN Refining & Marketing GmbH. OFAC confirms that these transactions, which may otherwise be banned under the sanctions, can legally continue. The license applies to transactions involving: RN Germany and RN Refining & Marketing; Any company where either RN Germany or RN Refining & Marketing owns 50% or more, directly or indirectly. These authorized transactions are allowed through 12:01 a.m. Eastern Daylight Time on April 29, 2026. However, some actions are still not allowed. GL 129 does not permit: Any transaction that is still banned under the Russian Harmful Foreign Activities Sanctions Regulations (31 CFR part 587); Any transaction involving other blocked persons linked to the Rosneft Oil Company, unless another license allows it. This general license is part of OFAC’s regulatory tools to enforce U.S. sanctions in a targeted and controlled manner. The license was signed by Bradley T. Smith, the Director of OFAC, on October 29, 2025. For more information, visit the OFAC website at https://ofac.treasury.gov or contact OFAC at 202-622-4855. Reference: Federal Register Document Number 2026-00947. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

Treasury Publishes General License for Wind Down of Transactions With Certain Blocked Entities Estimated reading time: 2–4 minutes On January 20, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published a General License related to the Transnational Criminal Organizations Sanctions Regulations. The license is titled General License No. 1 (GL 1). General License No. 1 was issued on October 14, 2025. The license allows certain transactions that are normally blocked under the regulations. These transactions must be for the purpose of winding down activities with specific blocked entities. The license is valid until 12:01 a.m. Eastern Standard Time on November 13, 2025. The blocked entities covered by GL 1 are: Prince Holding Group Prince Bank Plc. Prince Huan Yu Real Estate Cambodia Group Co., Ltd Any company in which one or more of these groups owns 50 percent or more, either directly or indirectly. The license allows normal business steps needed to end dealings with these entities. However, any payments to the blocked entities must go into a blocked account, as required by the rules. GL 1 does not permit transactions with any other people or companies blocked under the Transnational Criminal Organizations Sanctions Regulations. It only applies to the names listed above. The license was first made available on the OFAC website on October 14, 2025. The public text version is now included in the official Federal Register. For more information, visit OFAC’s site at https://ofac.treasury.gov/ or contact the OFAC Assistant Director for Regulatory Affairs at 202-622-4855. Bradley T. Smith, Director of OFAC, signed the license on October 14, 2025. The license was filed in the Federal Register as document number 2026-00948. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

U.S. Treasury Publishes General License 132 for Paks II Nuclear Project Estimated reading time: 3–5 minutes Date: 2026-01-20 Source: Federal Register Volume 91, Number 12, Pages 2302-2303 The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has published General License (GL) 132. This new license relates to the Russian Harmful Foreign Activities Sanctions Regulations, found at 31 CFR Part 587. General License 132 was first issued by OFAC on November 21, 2025. The license allows specific transactions that are usually not allowed under Executive Order 14024. These allowed transactions involve the Paks II civil nuclear power plant project, located in Hungary. The license covers activities involving Paks II Nuclear Power Plant Private Limited Company and any future version of this project. Under GL 132, the following Russian financial institutions may be involved in authorized transactions related to the Paks II project: Gazprombank Joint Stock Company State Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank Public Joint Stock Company Bank Financial Corporation Otkritie Sovcombank Open Joint Stock Company Public Joint Stock Company Sberbank of Russia VTB Bank Public Joint Stock Company Joint Stock Company Alfa-Bank Public Joint Stock Company Rosbank Bank Zenit Public Joint Stock Company Bank Saint-Petersburg Public Joint Stock Company National Clearing Center (NCC) Any entity where one or more of these institutions own 50% or more The Central Bank of the Russian Federation However, General License 132 does not allow everything. The following actions remain prohibited: Opening or keeping a correspondent or payable-through account for any person under Directive 2 of E.O. 14024. Debiting an account at a U.S. financial institution that belongs to: The Central Bank of the Russian Federation The National Wealth Fund of the Russian Federation The Ministry of Finance of the Russian Federation Any transaction still prohibited under the Russian Harmful Foreign Activities Sanctions Regulations, except for the transactions listed in paragraph (a) of this license. These still require separate permission if not clearly covered. General License 132 and related information can be found on OFAC’s official website at https://ofac.treasury.gov. Bradley T. Smith, Director of OFAC, signed the general license on November 21, 2025. The Federal Register published this information under docket number 2026-00952. The document was filed on January 16, 2026, and made public on January 20, 2026. For further inquiries, contact the OFAC Assistant Director for Regulatory Affairs at 202-622-4855 or online via https://ofac.treasury.gov/contact-ofac. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

OFAC Adds New Names to SDN List in January 2026 Action Estimated reading time: 4–6 minutes On January 15, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took new sanctions action. The update was officially published in the Federal Register on January 20, 2026, Volume 91, Number 12, on pages 2428 through 2433. These actions include new additions to the Specially Designated Nationals and Blocked Persons List (SDN List). OFAC confirmed that these individuals or entities met the legal requirements under specific Executive Orders. These Executive Orders are: Executive Order 13553, Executive Order 13876, Executive Order 13902. As a result of this action, all property and interests in property of the listed persons that are subject to U.S. jurisdiction are now blocked. U.S. persons are generally prohibited from engaging in any transactions with these designated individuals or entities. The exact names and identifying information of these persons were included in the Federal Register notice and accompanying TIFF image files on pages 2429 to 2433. The public can access the SDN List and additional details about OFAC sanctions at the official OFAC website: https://ofac.treasury.gov The following OFAC officials can be contacted for more information: Associate Director for Global Targeting: 202-622-2420 Assistant Director for Licensing: 202-622-2480 Assistant Director for Sanctions Compliance: 202-622-2490 The notice is cataloged with the document number 2026-00969. Bradley T. Smith, Director of the Office of Foreign Assets Control, signed the document. This action and all related blocking measures are effective as of January 15, 2026. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

OFAC Adds New Names to Specially Designated Nationals List Estimated reading time: 2–3 minutes The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has published an official notice in the Federal Register. This notice announces that new persons have been added to the Specially Designated Nationals and Blocked Persons List (SDN List). This action was issued on August 27, 2025. It is based on OFAC’s determination that the legal requirements for sanctions were met. These sanctions mean that all property and interests in property under U.S. jurisdiction belonging to the listed persons are now blocked. U.S. persons are generally not allowed to do business or any transactions with these blocked persons. All affected property remains blocked. The full SDN List and more details about OFAC sanctions programs are available on the OFAC website at OFAC website. If you need more information, you can contact the Associate Director for Global Targeting at 202-622-2420 or the Assistant Director for Sanctions Compliance at 202-622-2490. The notice is signed by Bradley T. Smith, Director of the Office of Foreign Assets Control. The full legal notice can be found in the Federal Register, Volume 90, Number 169, Thursday, September 4, 2025, on pages 42790-42792. The action blocks the property and interests in property of the named persons under the relevant sanctions authority. All persons and organizations should review the updated SDN List to ensure compliance with sanctions laws. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

United States Imposes Sanctions on Four Costa Rican Nationals and Two Entities Estimated reading time: 1–7 minutes On August 18, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took new sanctions actions. OFAC has added four individuals and two companies to its Specially Designated Nationals and Blocked Persons List (SDN List). These actions are based on Executive Order 14059, “Imposing Sanctions on Foreign Persons Involved in the Global Illicit Drug Trade.” All property and interests in property in the United States, belonging to these persons and companies, are now blocked. U.S. persons may not do business with them. Individuals Added to SDN List: Edwin Danney Lopez Vega     – Also known as “Pecho de Rata”     – Location: Limon, Costa Rica     – Date of Birth: January 2, 1977     – Place of Birth: Centro Central, Limon, Costa Rica     – Nationality: Costa Rica     – Cedula Number: 701210791     – Gender: Male Celso Manuel Gamboa Sanchez     – Location: Cartago, Costa Rica     – Date of Birth: April 21, 1976     – Place of Birth: Carmen Central, San Jose, Costa Rica     – Nationality: Costa Rica     – Cedula Number: 109380563     – Gender: Male Alejandro Antonio James Wilson     – Also known as “Turesky”     – Location: San Jose, Costa Rica     – Date of Birth: October 5, 1972     – Place of Birth: Centro Central, Limon, Costa Rica     – Nationality: Costa Rica     – Cedula Number: 701040769     – Gender: Male Alejandro Arias Monge     – Also known as “Diablo”     – Location: Limon, Costa Rica     – Date of Birth: September 19, 1984     – Place of Birth: Guapiles Pococi, Limon, Costa Rica     – Nationality: Costa Rica     – Cedula Number: 701600166     – Gender: Male These four individuals are designated for activities or transactions that have contributed, or pose a significant risk of contributing, to the international spread of illicit drugs or drug production tools. Entities Added to SDN List: Limon Black Star FC     – Location: Limon, Costa Rica     – Established: 2022     – Organization Type: Activities of sports clubs     – Linked to: Celso Manuel Gamboa Sanchez Bufete Celso Gamboa and Asociados     – Location: San Jose, Costa Rica     – Established: 1945     – Organization Type: Legal activities     – Linked to: Celso Manuel Gamboa Sanchez Both companies are designated for being owned, controlled by, or acting for or on behalf of Celso Manuel Gamboa Sanchez. Further Information The official list and further details about OFAC’s sanctions programs are available on the OFAC website at https://ofac.treasury.gov. The information in this article is based entirely on the official notice published in the Federal Register, Volume 90, Number 163, on August 26, 2025. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

U.S. Treasury Updates Sanctions List: August 22, 2025 Estimated reading time: 4–6 minutes The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced updates to its Specially Designated Nationals and Blocked Persons List (SDN List). On July 1, 2025, OFAC updated the SDN List entry for a company in China. The new entry is for “SHANGHAI WINSON IMP AND EXP CO LTD,” also known as “SHANGHAI YUNCHEN IMPORT AND EXPORT CO LTD.” The company’s addresses are listed in Shanghai, China. Its Unified Social Credit Code is 91310115MA1K40X926. Its property and interests in property under U.S. jurisdiction remain blocked. On the same day, July 1, OFAC announced that the property and interests in property of “GOLD MILES LIMITED” are now unblocked and the company has been removed from the SDN List. GOLD MILES LIMITED had addresses in Hong Kong, China, and Dubai, United Arab Emirates. The company’s Hong Kong registration number is 1596444. This company was previously linked to John Desmond Hanafin. On July 3, 2025, three persons and one company from Colombia were also removed from the SDN List. They are: Gabriel Puerta Parra (“Doctor Puerta”), with various addresses in Bogota, Colombia. He was also associated with several companies in Colombia. His ID number is 8238830 and his Colombian passport number is P020046. INDUSTRIAL MINERA Y PECUARIA S.A., located at Carrera 30 No. 90-82B La Castellana, Bogota, Colombia. Their tax ID number is 830000855-1. COMERCIALIZADORA ANDINA BRASILERA S.A. (“CABRASA”), located at Carrera 30 No. 90-82, Bogota, Colombia. Their tax ID number is 830003298-2. LA FRONTERA UNION GALVEZ Y CIA S EN C (formerly LA FRONTERA PUERTA GALVEZ LTDA.), located at Carrera 30 No. 90-82, Bogota, Colombia. Their tax ID number is 800050795-2. On August 18, 2025, OFAC updated SDN List entries for other individuals. They also announced that Claudia Mercedes Vargas Giraldo from Medellin, Antioquia, Colombia, has been removed from the SDN List. Her date of birth is December 4, 1964, and her Colombian ID number is 42885957. She was previously linked to several companies, including CLAMASAN S.A.S., GUISANES S.A.S., C.M.V. CARNES S.A.S., and AGROPECUARIA MAIS SAS. These changes mean that the property and interests in property of those who have been removed from the SDN List are no longer blocked by OFAC. For more details, go to the OFAC website at https://ofac.treasury.gov. For questions, contact the OFAC Associate Director for Global Targeting at 202-622-2420 or Assistant Director for Sanctions Compliance at 202-622-2490. Authority: 31 CFR chapter V. Bradley T. Smith, Director, Office of Foreign Assets Control. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

U.S. Treasury Announces New OFAC Sanctions Estimated reading time: 1–3 minutes The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced new sanctions on August 7, 2025. This action was reported in the Federal Register, Volume 90, Number 153, on Tuesday, August 12, 2025. OFAC added names to the Specially Designated Nationals and Blocked Persons List (SDN List). These changes are based on laws and rules that OFAC uses to decide who should be added. When a person or company is put on the SDN List, all of their property and interests in property under U.S. control are blocked. This means no one in the United States can have business dealings or make transactions with them. OFAC makes information about these actions and its sanctions programs available on its website at https://ofac.treasury.gov. The notice includes both companies and individuals added to the SDN List. The exact list can be seen in the official Federal Register notice. People can contact OFAC for more information by calling these numbers: Associate Director for Global Targeting: 202-622-2420 Assistant Director for Licensing: 202-622-2480 Assistant Director for Sanctions Compliance: 202-622-2490 Bradley T. Smith is the Director of the Office of Foreign Assets Control. This notice was officially filed on August 11, 2025. The billing code is 4810-AL-C. The full details and the names of the people and companies involved are found on the official OFAC website and in the Federal Register. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

U.S. Treasury Issues New OFAC Sanctions on Vessels and Companies Estimated reading time: 8–12 minutes On July 30, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) made new changes to its Specially Designated Nationals and Blocked Persons List (SDN List). These changes block the property and interests in property of certain people, companies, and ships that are under U.S. jurisdiction. U.S. persons are now not allowed to deal with these people and companies. The listed ships are also considered blocked because they are owned or controlled by blocked persons. List of Affected Companies The Federal Register did not show specific company names in text, but the companies are connected to the blocked ships and are named beside each vessel. List of Blocked Vessels The following ships have been added to the SDN List. They are named, given their type, country flag, year made, and connection to the guiding Executive Order (E.O.) 13902. Linked to MARVISE SMC DMCC: ALE (Container Ship, Liberia, 2006, IMO 9303754) BERTIE (Container Ship, Liberia, 2003, IMO 9241487) LIDIA (Container Ship, Liberia, 2007, IMO 9330501) STAR (Container Ship, Liberia, 2009, IMO 9436484) ZAGOR (Container Ship, Liberia, 2006, IMO 9313242) VANI (Crude Oil Tanker, San Marino, 2004, IMO 9264881) HAKUNA MATATA (Container Ship, Liberia, 2008, IMO 9354167) MOANA (Container Ship, Liberia, 2004, IMO 9292151) PINOCCHIO (Container Ship, Liberia, 2009, IMO 9400112) PUMBA (Container Ship, Liberia, 2006, IMO 9302566) RANTANPLAN (Container Ship, Liberia, 2006, IMO 9307023) SIMBA (Container Ship, Liberia, 2015, IMO 9719862) BIGLI (Container Ship, Liberia, 2005, IMO 9307047) TEX (Container Ship, Liberia, 2003, IMO 9246322) TIMON (Container Ship, Liberia, 2009, IMO 9415844) YOGI (Container Ship, Liberia, 2006, IMO 9307009) Linked to THE ZULU SHIPS MANAGEMENT AND OPERATION–SOLE PROPRIETORSHIP L.L.C: ETHERA (Chemical/Oil Tanker, Panama, 2008, IMO 9387279) MISHELL (Chemical/Products Tanker, Panama, 2008, IMO 9332315) MYRA (Oil Products Tanker, Panama, 2006, IMO 9336490) AETHER (Crude Oil Tanker, Panama, 2007, IMO 9328170) APATE (Oil Products Tanker, Panama, 2009, IMO 9433016) BRIONT (Chemical/Oil Tanker, Panama, 2003, IMO 9252955) MANASLU (Chemical/Oil Tanker, Panama, 2008, IMO 9388027) NEMRUT (Crude Oil Tanker, Liberia, 2009, IMO 9439541) TAGOR (Crude Oil Tanker, Panama, 2005, IMO 9282481) TASSOS (Crude Oil Tanker, Liberia, 2009, IMO 9408695) TOA PAYOH (Chemical/Oil Tanker, Panama, 2005, IMO 9298492) Linked to ALGAE SHIP CHARTER–FZCO: CHARMINAR (Chemical/Oil Tanker, Panama, 2006, IMO 9318022) EVENTIN (Crude Oil Tanker, Unknown, 2006, IMO 9308065) ANTARES I (Oil Products Tanker, Liberia, 2008, IMO 9382073) Linked to REEL SHIPPING L.L.C: ACE (Container Ship, St. Vincent and Grenadines, 2001, IMO 9228538) AEOLUS (Container Ship, Liberia, 1996, IMO 9088524) CERUS (Container Ship, St. Kitts and Nevis, 2003, IMO 9259408) DHANU (Container Ship, St. Kitts and Nevis, 2001, IMO 9122473) GAUJA (Container Ship, Panama, 2006, IMO 9348493) ROB (Container Ship, Liberia, 2001, IMO 9236652) TB ANPING (Container Ship, Liberia, 2002, IMO 9237084) Linked to SILVER TETRA MARINE CO.: GUANYIN (Crude Oil Tanker, Liberia, 2005, IMO 9299707) Linked to RAVI LINES INC: IANTHE (Asphalt/Bitumen Tanker, Panama, 2012, IMO 9554822) Linked to KANTI LINES INC.: KANTI (LPG Tanker, San Marino, 2004, IMO 9282106) Linked to NEO SHIPPING INC.: ABHRA (Crude Oil Tanker, Panama, 2004, IMO 9282041) Linked to SHAMKHANI, Mohammad Hossein: OMNI (Crude Oil Tanker, Panama, 2008, IMO 9400980) URANUS (Crude Oil Tanker, Tanzania, 2002, IMO 9248485) Linked to MEUSE SHIPPING INC.: IRIS (Crude Oil Tanker, Palau, 2002, IMO 9247778) Linked to KYLO SHIPPING INC.: KYLO (Crude Oil Tanker, Comoros, 2001, IMO 9189146) Linked to MAHADEV MARITIME INC: MAHADEV (Asphalt/Bitumen Tanker, Palau, 2011, IMO 9571052) Linked to BACKSTREET PALM CORP: YODAN (Crude Oil Tanker, Vanuatu, 2005, IMO 9304356) Linked to WESER SHIPPING INC.: TRIS GAS (LPG Tanker, Cameroon, 1992, IMO 9041655) Linked to XANTE LINE INC.: XANTE (Asphalt/Bitumen Tanker, Panama, 2010, IMO 9554834) Linked to YUG SHIPPING INC.: YUG (Crude Oil Tanker, Comoros, 2005, IMO 9288875) Linked to ZALE SHIPPING INC.: ZALE (Crude Oil Tanker, Panama, 2006, IMO 9321718) Linked to NOVA LINES INC.: ELKE (LPG Tanker, Palau, 1993, IMO 9012886) Legal Basis These sanctions are put in place under Executive Order 13902. This order gives the U.S. power to block property and stop people and companies from making transactions with banned people/entities. Blocked Property All U.S.-linked property of the people, companies, and ships named above is blocked. Anyone in the U.S. is not allowed to make deals or transactions with them. More Information For more on OFAC and these lists, visit the official OFAC website at: https://ofac.treasury.gov Prepared by:Office of Foreign Assets Control, U.S. Department of the Treasury. Federal Register Citation: 90 FR 38890-38906, August 12, 2025.Document Number: 2025-15240. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.

Treasury Issues New Licenses for Venezuela Sanctions Estimated reading time: 5–7 minutes On July 23, 2025, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) published three general licenses related to the Venezuela Sanctions Regulations. The licenses are General License 41A, 5R, and 41B. Details of New Licenses General License No. 41A GL 41A was issued on March 4, 2025. This license allowed people to wind down certain transactions connected to Chevron Corporation’s joint ventures in Venezuela. These actions had to be finished before April 3, 2025. The license allowed only necessary actions related to closing out operations. This involved Chevron and its subsidiaries, along with partners like Petróleos de Venezuela, S.A. (PdVSA) and companies owned more than 50 percent by PdVSA. GL 41A did not allow: Payment of any taxes or royalties to the Government of Venezuela. Payment of any dividends, including in-kind dividends, to PdVSA or its owned companies. Selling oil or oil products from the Chevron joint ventures to places outside the United States. Any deal with a Venezuelan company owned or controlled by a Russian company. Any activity otherwise banned by the Venezuela Sanctions Regulations, unless separately allowed. GL 41A replaced General License No. 41. General License No. 5R GL 5R was issued on March 6, 2025. This license will allow, starting July 3, 2025, all transactions related to the Petróleos de Venezuela 2020 8.5 Percent Bond. This includes financing, handling, and other dealings that would otherwise be banned by Executive Orders 13835 and 13857, and the Venezuela Sanctions Regulations. GL 5R does not permit activities otherwise disallowed by the sanctions rules in 31 CFR chapter V. It replaced General License No. 5Q. General License No. 41B GL 41B was issued on March 24, 2025, and replaced GL 41A. This license authorizes the wind down of certain transactions tied to Chevron’s Venezuela joint ventures until May 27, 2025. Like GL 41A, it allows only actions needed to close out business with Chevron joint ventures, PdVSA, and PdVSA-owned firms. GL 41B does not allow: Payment of taxes or royalties to the Venezuelan government. Payment of any dividends, including in-kind, to PdVSA or its companies. Sale of oil or oil products from these joint ventures to countries other than the United States. Deals with Venezuelan companies owned or controlled by Russian companies. Any action banned by the Venezuela Sanctions Regulations, unless specifically allowed. GL 41B also states: People must still follow rules from other federal agencies, such as the Department of Commerce’s Bureau of Industry and Security. The license does not allow Chevron joint ventures to start working in new oil fields in Venezuela. All these licenses were made available on OFAC’s website when issued. The Acting Director of OFAC, Lisa M. Palluconi, signed each license. Legal Disclaimer This article includes content collected from the Federal Register (federalregister.gov). The content is not an official government publication. This article is for informational purposes only and does not constitute legal advice. For case-specific consultation, please contact us. Read our full Legal Disclaimer, which also includes information on translation accuracy.