Regulatory Alerts2026-05-28 | 20260528_33Iran-related Designations; Issuance of Russia-related General License and Amended Frequently Asked Questions
The U.S. Department of the Treasury's Office of Foreign Assets Control issued General License 131F to authorize certain transactions for the sale of Lukoil International GmbH and amended FAQs 1224 and 1225. OFAC added individual Swaroop Jayantilal Bagrecha and multiple entities and vessels to the Specially Designated Nationals List for facilitating Iran's shadow oil economy under Executive Order 13846. The designations target shipping and trading firms linked to Sepehr Energy Jahan Nama Pars Company and impose blocking of property and secondary sanctions risks.
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