US EditionOFAC Amends Russia General License 55 Relating to the Sakhalin-2 Oil and Gas Project
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OFAC Amends Russia General License 55 Relating to the Sakhalin-2 Oil and Gas Project
On June 18, 2025, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Russia-related General License (GL) 55D, “Authorizing Certain Services Related to Sakhalin-2.” This general license authorizes certain services that would otherwise be prohibited under OFAC’s Russia sanctions program related to Sakhalin-2 involving the maritime transport of crude oil originating from this oil and gas development on Sakhalin Island, …
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