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Results for "U.S. Treasury Department"

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NIS Seeks Extension of Operating License from OFAC
Politicsn1-serbiamkd-mk20d ago2 sources

NIS Seeks Extension of Operating License from OFAC

NIS (Naftna Industrija Srbije) has formally requested an extension of its operating license from the U.S. Treasury Department's Office of Foreign Assets Control (OFAC). The company is seeking to continue its operations under the current sanctions regime.

US Treasury Allows Russian Oil Sanctions Waiver to Lapse
WorldReutersstraits-timesexpress-tribune3mo ago3 sources

US Treasury Allows Russian Oil Sanctions Waiver to Lapse

The U.S. Treasury Department has permitted a sanctions waiver, which previously allowed certain transactions involving Russian seaborne oil, to expire. This decision tightens restrictions on the trade of Russian crude oil.

JANAF's License for Oil Delivery to NIS Extended
Businessdanas1mo ago

JANAF's License for Oil Delivery to NIS Extended

Jadranski naftovod (JANAF) announced that its license from the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has been extended, allowing it to continue contractual obligations for oil delivery to Naftna Industrija Srbije (NIS).

US Treasury Launches Online Portal for Sanctions Removal Requests
Politicsbloombergdnevnik-bg1mo ago2 sources

US Treasury Launches Online Portal for Sanctions Removal Requests

The U.S. Treasury Department has launched a new online portal to streamline the process for individuals and entities to request removal from sanctions lists. This initiative aims to make it easier for those sanctioned under programs like the Magnitsky Act to appeal their designation.

OFAC Extends License for Russian Oil Giant Lukoil
Businessdanas4mo ago

OFAC Extends License for Russian Oil Giant Lukoil

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has reportedly extended a license for the Russian oil company Lukoil. This extension allows certain transactions with the company despite ongoing sanctions.