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March 2, 2023: OFAC adds to counter narcotics and Iran sanctions, updates Russia listings, issues Iran GL & FAQs – and OFAC-related fraud alert

OFAC added the following entities: BUSHEHR PETROCHEMICAL COMPANY (a.k.a. “BUPC”), No. 7, 3rd and 4th Floor, Sattarkhan St., Habib Elah St., Metolian Blvd., Tehran 1455693916, Iran; Pars Energy Special Economic Zone, Petrochemical Complexes Phase II, Asalouye, Bushehr 7511811374, Iran; Asli Neighborhood, Asli Road Street, Nakhl Taqi’s 15 Kilometer Road, Number […]

February 24, 2023: Russia Sanctions-a-Rama, OFAC’s turn: Russia & Belarus designations (& updates), a new Determination, new and updated GLs, and FAQs… and new export restrictions, visa restrictions, and increased tariffs (whew!) [CORRECTED]

OK, let’s start with the designations…[CORRECTION] fixed list of Belarus entities New individuals: AVERYANOV, Yuriy Timofeyevich (Cyrillic: АВЕРЬЯНОВ, Юрий Тимофеевич) (a.k.a. AVERYANOV, Yuriy Timofeevich), Moscow, Russia; DOB 17 Jan 1950; POB Bender, Moldova; alt. POB Bendery, Moldova; nationality Russia; citizen Russia; Gender Male; Tax ID No. 772918457831 (Russia) (individual) [RUSSIA-EO14024]. […]

OFAC Sanctions-a-Rama: Russia, CAR, TCO, GLOMAG designations & changes… plus GLs and FAQs

OFAC has added the following individuals: ADONEV, Sergei Nikolaevich (a.k.a. ADONEV, Sergej Nikolaevich (Cyrillic: АДОНЬЕВ, Сергей Николаевич); a.k.a. ADONIEV, Sergey), Enzo Sireni 1, Herzliya 4673502, Israel; DOB 28 Jan 1961; POB Lviv, Lviv Oblast, Ukraine; nationality Russia; alt. nationality Israel; Gender Male; Passport 758231249 (Russia); alt. Passport 24150347 (Israel); Tax […]

3 amended Russia-related GLs… and FAQs

Issuance of Russia-related General Licenses and Amended Russia-related Frequently Asked Questions Release date 01/17/2023 Body The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 6C “Transactions Related to Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and Components, or Software Updates, the Coronavirus Disease […]