23 Jul 2025
⚖️OFAC Publishes Russian Harmful Activities Sanctions General Licenses
Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 55D and 115B
Summary
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing two general licenses (GLs) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GLs 55D and 115B, each of which was previously made available on OFAC's website.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$$ - High
The publication of General Licenses 55D and 115B by OFAC affects compliance and regulatory requirements for businesses involved in transactions pertaining to Russian maritime transport and civil nuclear energy. Businesses must understand these licenses to navigate restrictions on prohibited transactions effectively.