Frequently Asked Questions

The President issued Executive Order (E.O.) 13835 on May 21, 2018. Subsection 1(a)(iii) of E.O. 13835 prohibits U.S. persons from engaging in transactions related to the sale, transfer, assignment, or pledging as collateral by the Government of Venezuela (GOV) of any equity interest in an entity… Read more

If you, your organization, or your property have been listed by OFAC on an OFAC-administered sanctions list, you or your authorized representative can request removal by following the administrative reconsideration process described in 31 CFR § 501.807 . Administrative reconsideration is OFAC's… Read more

OFAC has issued two General Licenses (GLs) relating specifically to Lukoil International GmbH (LIG) and its majority-owned subsidiaries ("LIG Entities"): GL 128C and GL 131G . The GLs are similar but have different expiration dates and terms as each serves a different purpose. To mitigate the… Read more

On October 22, 2025, OFAC designated Public Joint-Stock Company Oil Company Lukoil (Lukoil) to increase pressure on Russia's energy sector and degrade Russia's ability to raise revenue for its war machine. OFAC is aware of potential efforts by Lukoil to divest its assets outside of Russia to non-… Read more

Yes. If you, your organization, or your property have been listed by OFAC on one of OFAC's sanctions lists, and OFAC denied your delisting petition, you may reapply using the same process as the initial delisting petition (see FAQ 897 ); however, you will need to present new arguments or evidence… Read more