Frequently Asked Questions

1213. For the purposes of the determination of January 10, 2025 made pursuant to Executive Order (E.O.) 14024 (the "January 2025 Energy Sector Determination"), what is meant by the term "energy sector of the Russian Federation economy"?

1213 … On January 10, 2025, the Secretary of the Treasury, in consultation with the Secretary of State, issued a determination pursuant to E.O. 14024 that authorizes the imposition of economic sanctions on any person determined to operate or have operated in the energy sector of the Russian… Read more

1214. Does the determination of January 10, 2025, made pursuant to Executive Order (E.O.) 14024 (the "January 2025 Energy Sector Determination") mean that all persons that operate or have operated in this sector of the Russian Federation economy are sanctioned by OFAC?

1214 … No. On January 10, 2025, the Secretary of the Treasury, in consultation with the Secretary of State, issued a determination pursuant to E.O. 14024 that authorizes the imposition of economic sanctions on any person determined to operate or have operated in the energy sector of the Russian… Read more

1215. Why did OFAC issue General License (GL) 26 ("Transactions Authorized Pursuant to the Russian Harmful Foreign Activities Sanctions Regulations") in the Ukraine-/Russia-Related Sanctions Regulations, 31 CFR part 589 (URSR)?

1215 … GL 26 applies to transactions involving specified persons identified in the Annex to GL 26, who are designated under both the URSR and the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR). The purpose of GL 26 is to ensure that transactions authorized or… Read more

1217. I am a U.S. service provider. Following the January 10, 2025 determinations under Executive Order (E.O.) 14024 and E.O. 14071 (the Energy Sector Determination and Petroleum Services Determination, respectively), am I still authorized to provide certain services relating to the maritime transport of Russian crude oil and Russian petroleum products to a non-sanctioned person operating in the energy sector of the Russian economy, so long as the crude oil or petroleum products are purchased at or below the price cap?

1217 … Yes, as long as the provision of services does not involve an entity blocked pursuant to E.O. 14024 and is not otherwise prohibited by OFAC sanctions. The price cap policy does not authorize transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31… Read more

1218. How is Treasury planning to implement the President’s February 26 announcement on energy-related authorizations in Venezuela?

1218 … Treasury is preparing to take action to wind-down General License 41 and other specific licenses as appropriate. We will issue additional guidance to assist implementation concurrent with any changes to the authorization(s). … How is Treasury planning to implement the President’s February 26… Read more

1219. On March 4, 2025, the Department of State (State) designated Ansarallah as a Foreign Terrorist Organization (FTO). What actions did OFAC take related to this announcement?

1219 … OFAC implemented State's designation of Ansarallah ("the Houthis") as an FTO by updating the existing Ansarallah entry on the Specially Designated Nationals and Blocked Persons List (SDN List). Ansarallah was already listed on the SDN List as a result of State's February 16, 2024 designation… Read more

1220. How does the Executive Order (E.O.) of June 30, 2025, "Providing for the Revocation of Syria Sanctions," affect OFAC's Syria Sanctions Program?

1220 … The E.O. of June 30, 2025 removes sanctions on Syria, effective July 1, 2025, while maintaining sanctions on Bashar al-Assad and certain other destabilizing regional actors. Specifically, the E.O. revokes the following six E.O.s that form the foundation of the Syrian Sanctions Program and… Read more

1221. Can U.S. financial institutions establish relationships with Syrian financial institutions, including the Central Bank of Syria?

1221 … Yes. All Syrian financial institutions, including the Central Bank of Syria, have been removed from OFAC's List of Specially Designated Nationals and Blocked Persons (SDN List). Effective July 1, 2025, U.S. persons are not prohibited from providing financial services to Syria, processing… Read more

1222. Do I need a specific license from OFAC to export or reexport food or medicine to Syria?

1222 … No. The United States no longer maintains comprehensive sanctions on Syria, effective July 1, 2025, following the issuance of the E.O. of June 30, 2025 . You may send U.S.-origin food or medicine to Syria without a specific license from OFAC. Furthermore, the Department of Commerce maintains… Read more

1223. Can persons continue to rely on Syria General License (GL) 25 after the revocation of the Syrian Sanctions Program, on July 1, 2025?

1223 … Yes. While Syria GL 25 authorizes transactions otherwise prohibited under the Syrian Sanctions Regulations, it also authorizes transactions involving specified persons otherwise prohibited by certain other sanctions programs. To the extent necessary, persons may continue to rely on GL 25 and… Read more

Frequently Asked Questions

Office of Terrorism and Financial Intelligence