The Treasury Department announced its Office of Foreign Assets Control will target and place sanctions on nine Iranian shadow ...

The department said the sanctions are also because the revenue from the oil and petroleum should go to Iranians and not the ...

On December 16, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced an agreement ...

On May 23, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License 25 (GL 25) to authorize certain previously prohibited activities, effectively ...

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 ...

The US Office of Foreign Assets Control (OFAC) has implemented sanctions against the Russian-owned Oil Industry of Serbia (NIS), Serbia's only crude oil refiner, after several delays, which could ...

The company decided to divest its foreign assets after being hit by U.S. sanctions in October 2025. The company accepted Gunvor’s offer to buy Lukoil International GmbH and has committed not to ...

Investing.com -- The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on nine vessels and their owners or management firms involved in transporting ...

(Update) October 28, 2025, 10:00 AM GMT+1: Article updated with details throughout. Lukoil PJSC, Russia's second-largest oil producer, announced plans to sell international assets after being hit by ...

Lukoil said Thursday it had accepted an offer from global commodity trader Gunvor to buy its foreign assets, which Russia’s second-largest oil company is seeking to sell after Washington imposed ...