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Economic Sanctions

US Sanctions

This section covers the Sanctions List published by OFAC.

OFAC publishes lists of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific.

OFAC Sanctions List updated
Further U.S. Responses to the Conflict in Ukraine
Press Releases | U.S. Department of the Treasury
Frequently Asked Questions – Recently Updated | U.S. Department of the Treasury
Briefing Room | The White House
Attorney General Merrick B. Garland Announces Launch of Task Force KleptoCapture | OPA | Department of Justice / Justice News | DOJ | Department of Justice

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US Treasury sanctions hundreds of targets in Russia and globally, on the second anniversary of Russia’s further invasion of Ukraine and following the death of Aleksey Navalny

Represents the largest number of sanctions imposed since Russia’s full-scale invasion of Ukraine. State is designating three Government of Russia officials in connection with Navalny’s death; together, Treasury and State are sanctioning over 500 targets to impose additional costs for Russia’s repression, human rights abuses, and aggression against Ukraine. The Department of Commerce is also adding more than 90 companies to the Entity List.

US Treasury releases analysis on the impact of the second phase of the price cap on Russian oil, two years since the beginning of Putin’s illegal war

The data shows that that coalition sanctions enforcement is successfully forcing Russia to sell oil at a discount while Russian oil export markets have remained stable.

US Treasury designates Russian state-owned Sovcomflot, Russia’s largest shipping company

Concurrent with the designation of Sovcomflot, OFAC is also issuing a general license authorizing the offloading of crude oil (or other cargo) from these 14 vessels for a period of 45 days.

US Treasury sanctions affiliates of Russia-based LockBit ransomware group

LockBit was responsible for the November 2023 ransomware attack against the Industrial and Commercial Bank of China’s (ICBC) U.S. broker-dealer. This action is the first in an ongoing collaborative effort with the U.S. Department of Justice, Federal Bureau of Investigation, and its international partners

OFAC publishes the oil price cap (OPC) coalition compliance and enforcement alert

This alert includes an overview of key OPC evasion methods and recommendations for identifying such methods and mitigating their risks and negative impacts and Information on how to report OPC suspected breaches across the price cap coalition…

US Treasury publishes 2024 National Terrorist Financing Risk Assessment

Consistent with the 2022 risk assessment, the most common financial connections between individuals in the United States and foreign terrorist groups entail individuals directly soliciting funds for or attempting to send funds to foreign terrorist groups utilizing cash, registered money services businesses, or in some cases, virtual assets.The report also discusses Hamas and the ways they exploit the international financial system, including through solicitation of funds from witting and unwitting donors worldwide…

US Treasury sanctions Ecuador’s notorious Los Choneros gang and its leader

OFAC’s action follows a steep rise in violence in Ecuador attributed to the actions of Los Choneros and other drug trafficking gangs in the country.

US Treasury sanctions transnational procurement network supporting Iran’s ballistic missile and UAV programs

The four Iran- and Hong Kong-based entities designated have operated as covert procurement entities for OFAC designated Hamed Dehghan and Pishtazan Kavosh Gostar Boshra (PKGB), who are actively engaged in supporting multiple Iranian military organizations, including the Islamic Revolutionary Guard Corps (IRGC). Additionally, OFAC is designating a Hong Kong-based front company involved in the sale of hundreds of millions of dollars’ worth of Iranian commodities for the benefit of the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF).

FinCEN issues alert on Israeli extremist settler violence against Palestinians in the West Bank

While the alert highlights the potential involvement of certain nonprofit organizations (NPOs) in facilitating payments to fund violence in the West Bank, FinCEN continues to emphasize that legitimate charities should have access to financial services and can transmit funds through legitimate and transparent channels.

OFAC tightens price cap policy restrictions by updating guidance and imposing additional sanctions

OFAC strengthened enforcement of the price limit on Russian oil, updating guidelines to ensure stricter confirmation and record-keeping procedures and imposed sanctions on a Russian government-owned ship manager and some less-known oil trading companies involved in transporting Russian oil by sea, violating the price cap…

US and UK target Houthi military officials for supporting acts of terrorism

Today’s action targets four individuals who have supported the Houthis’ recent attacks against commercial vessels in the Red Sea and Gulf of Aden, including holding civilian crews hostage. Concurrent with OFAC’s designations, the United Kingdom is also imposing sanctions on these key figures of Houthi forces.