Regulatory Alerts2026-06-11 | 20260611Cuba Designation; Russia-related Designations Removals and Designation Update; Issuance of Amended Russia-related General Licenses and Frequently Asked Questions
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General Licenses 55F and 115D to authorize specific services and transactions related to Sakhalin-2 and existing civil nuclear energy projects. OFAC updated the Specially Designated Nationals and Blocked Persons List by adding Cuba's state-owned oil and gas company Unión Cuba-Petróleo (CUPET) and removing two Russian individuals, Sergey Aleksandrovich Maltsev and Olga Borisovna Raikes. The agency also amended eight Russia-related Frequently Asked Questions and modified the listing for Vend Ore GmbH to remove a link to Olga Borisovna Raikes.
Release Date
06/11/2026
Press Release Link
Sanctioning Cuba's State-Owned Oil and Gas Company Unión Cuba-Petróleo
Recent Actions Body
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 55F , "Authorizing Certain Services Related to Sakhalin-2;" and Russia-related General License 115D , "Authorizing Certain Transactions Related to Existing Civil Nuclear Energy Projects." Additionally, OFAC is amending eight Russia-related Frequently Asked Questions, FAQs 967, 978, 999, 1011, 1117, 1182, 1203, and 1216 . Lastly, OFAC has updated the Specially Designated Nationals and Blocked Persons List. Specially Designated Nationals List Updates The following entity has been added to OFAC's SDN List: UNION CUBA PETROLEO (a.k.a. CUPET), Avenida Salvador Allende No. 666, Entre Oquendo y Soledad, Havana 10300, Cuba; Organization Established Date 25 Mar 1992; Target Type State-Owned Enterprise; Entity Code 2605 (Cuba) [CUBA-EO14404]. The following deletions have been made to OFAC's SDN List: MALTSEV, Sergey Aleksandrovich (Cyrillic: МАЛЬЦЕВ, Сергей Александрович), Russia; DOB 28 Feb 1973; POB Solikamsk, Perm, Russia; nationality Russia; Gender Male; Secondary sanctions risk: See Section 11 of Executive Order 14024. (individual) [RUSSIA-EO14024] (Linked To: PUBLIC JOINT STOCK COMPANY SBERBANK OF RUSSIA). RAYKES, Olga Borisovna (a.k.a. RAIKES, Olga Borisovna), 13/38 Tarmav Street, Rishon Lezion 7529025, Israel; Austria; Singapore; Pokrovka 35-17-1-17, Moscow 105062, Russia; DOB 25 Apr 1984; POB Ekaterinburg, Russia; nationality Russia; alt. nationality Israel; Gender Female; Secondary sanctions risk: See Section 11 of Executive Order 14024.; Passport 759916267 (Russia) expires 28 Jan 2029; alt. Passport 32392042 (Israel) issued 16 May 2018 expires 15 May 2023 (individual) [RUSSIA-EO14024]. RAIKES, Olga Borisovna (a.k.a. RAYKES, Olga Borisovna), 13/38 Tarmav Street, Rishon Lezion 7529025, Israel; Austria; Singapore; Pokrovka 35-17-1-17, Moscow 105062, Russia; DOB 25 Apr 1984; POB Ekaterinburg, Russia; nationality Russia; alt. nationality Israel; Gender Female; Secondary sanctions risk: See Section 11 of Executive Order 14024.; Passport 759916267 (Russia) expires 28 Jan 2029; alt. Passport 32392042 (Israel) issued 16 May 2018 expires 15 May 2023 (individual) [RUSSIA-EO14024]. The following changes have been made to OFAC's SDN List: VEND ORE GMBH, Novaragasse 55/4B, Vienna 1020, Austria; Secondary sanctions risk: See Section 11 of Executive Order 14024.; Organization Established Date 26 Sep 2019 [RUSSIA-EO14024] (Linked To: RAYKES, Olga Borisovna; Linked To: SAVELOV, Marat Maratovich). -to- VEND ORE GMBH, Novaragasse 55/4B, Vienna 1020, Austria; Secondary sanctions risk: See Section 11 of Executive Order 14024.; Organization Established Date 26 Sep 2019 [RUSSIA-EO14024] (Linked To: SAVELOV, Marat Maratovich). Unrelated Administrative List Changes: None