JD Supra2d
OFAC Announces Two New Waves of Sanctions Targeting Russia’s Oil Production and Exports, Military-Industrial Base, and Sanctions Evaders
On January 10 and January 15, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sweeping ...
London South East9d
Update on OFAC License process
Serica Energy plc (AIM: SQZ) announces that the OFAC License and secondary sanctions assurance relating to the Rhum field (SQZ: 50%) have been extended by two months to 31 March 2025. This ...
JD Supra26d
OFAC Issues Syria General License and FAQs Easing Sanctions
The US Office of Foreign Assets Control (OFAC) issued Syria General License 24 (GL 24) authorizing certain transactions with the new Syrian government and easing some transactions related to ...
Serica Energy hoping to secure new long-term license for Rhum field
UK Continental Shelf-focused oil explorer Serica Energy has announced that its license to operate the part-owned Rhum field ...
William & Mary3y
Treasury Department’s Office of Foreign Asset Control (OFAC)
The Treasury Department's Office of Foreign Assets Control (OFAC) administers and enforces economic sanctions imposed by the United States against foreign countries. Depending on the country, OFAC ...
TASS7mon
Yuan trading on Moscow Exchange to continue despite OFAC license expiration
TASS/. Trading in the Chinese yuan on the Moscow Exchange will continue despite the expiration of the OFAC (a division of the US Treasury Department) license in August, Deputy Chairman of the Bank ...