Treasury's latest extension underscores that the administration remains unwilling to permit transactions that could affect ownership of CITGO while broader Venezuela policy remains under review.
The proposal reflects a shift toward targeting the logistical chokepoints that keep China’s vast fishing fleet operating far from port.
The action expands Washington’s campaign against Iran beyond oil exports to the maritime services surrounding trade through the Strait of Hormuz, warning shipowners that paying for Iranian-backed passage guarantees could expose them to sanctions.
The Senate has finalized a substantially revised version of the Russia sanctions legislation originally championed by the late Sen. Lindsey Graham (R-S.C.), but final enactment is now likely to wait until September after the House adjourned for its August recess.
The Treasury Department's decision Monday to remove 84 individuals and entities from its Specially Designated Nationals and Blocked Persons (SDN) List marks more than another round of administrative housekeeping.
The U.S. Treasury’s removal of Miami-based Bel-Kap-Steel LLC from its sanctions list does not eliminate the restrictions facing its historic imports from Belarus.
The measures amount to one of the EU’s broadest efforts yet to restrict the financial and logistical networks sustaining Russia’s war. The final agreement is nevertheless narrower than the European Commission’s original proposal, with planned fisheries restrictions omitted and an immediate ban on Russian combatants entering the EU deferred.
OFAC’s latest measures combine targeted sanctions against Iranian and Cuban networks with limited licenses intended to manage the consequences of existing sanctions on Russia and Cuba.
A revised Russia sanctions bill negotiated with the White House has secured more than 60 Senate cosponsors, giving supporters the votes needed to overcome a filibuster but leaving the timing of a floor vote—and the legislation’s path through the House—unresolved.
As the Trump administration expands blocking sanctions against Cuba's military-controlled commercial network under Executive Order 14404, Treasury is simultaneously providing limited authorizations to allow orderly market exits, protect financial-market stability and preserve diplomatic operations.
OFAC’s action is a sanctions restructuring, not a broad rollback of U.S. pressure over Hong Kong. The expiration of the emergency supporting Executive Order 13936 required OFAC to remove officials designated solely under that authority, but dozens of figures—including Carrie Lam, John Lee and senior mainland and Hong Kong security officials—remain blocked under the Hong Kong Autonomy Act and were transferred to the Non-SDN Menu-Based Sanctions List.
The Treasury Department’s Office of Foreign Assets Control said payments to the Venezuelan government for authorized earthquake-relief activity do not have to be deposited into Treasury’s Foreign …
The action marks a significant escalation in U.S. pressure on Sudan by moving from the CBW Act’s initial sanctions to the statute’s mandatory second-stage penalties.
Wyden and Neal say proposed legislation would give the President sweeping unilateral tariff powers beyond its Russia sanctions purpose.
The ruling is the first federal appellate decision interpreting OFAC’s metals and mining sector determination under Executive Order 14024 and substantially broadens the practical reach of U.S. sanctions. It leaves unresolved key questions over the scope of the regulation, setting the stage for future litigation.
Bipartisan sponsors of long-stalled legislation targeting Russia’s energy revenues said they have reached agreement with the Trump administration on a revised sanctions bill, clearing the way for legislation that had been delayed for months over concerns about preserving presidential flexibility in negotiations with Moscow.
The Treasury Department’s Office of Foreign Assets Control issued Democratic Republic of the Congo General License 2, authorizing certain transactions tied to agricultural commodities, medicine, medical devices, replacement parts and components, software updates, and clinical trials.
The US walked back a 60-day pause on sanctions programs covering Iranian oil on Tuesday afternoon, issuing an amended general license.
HM Revenue & Customs’ decision to name Petrofac Facilities Management Limited in a £569,157 Russia sanctions settlement marks a shift in UK enforcement practice that could deter some companies from voluntarily disclosing sanctions and export-control breaches, Ross Denton, senior counsel at Akin Gump Strauss Hauer & Feld in London, said.
OFAC’s delisting of several Türkiye-based and Indian electronics, machine-tool and industrial suppliers narrows a prominent strand of the U.S. campaign against third-country support for Russia’s military-industrial base. Treasury had originally accused the companies of shipping common high-priority goods, CNC machine tools, electronics and machining equipment to Russian end-users, including sanctioned Russian manufacturers.
