In an effort to reduce Russian energy revenues being used to fund the war against Ukraine, on January 10, 2025, the United States Department of the Treasury's Office of Foreign Assets Control (OFAC), issued a “determination”...more
On November 21, 2024, the United States Department of the Treasury's Office of Foreign Assets Control ("OFAC") issued an alert cautioning foreign financial institutions against joining the Russian financial messaging system...more
On May 19, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) issued an amendment to Directive 4 of the Russian Harmful Foreign Activities Sanctions. As originally issued on Feb. 28, 2022, in the immediate...more