The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 28 May 2026 (OFAC):
The U.S. Department of the Treasury's Office of Foreign Assets Control ("OFAC") issued Russia-related General License ("GL") 131F, "Authorizing Certain Transactions for the Negotiation of and Entry Into Contingent Contracts for the Sale of Lukoil International GmbH and Related Maintenance Activities", and amended FAQs 1224 and 1225.
The OverRuled: China Trade Controls Resource Center has been updated with the following actions:
- 28 May 2026 (OFAC):
The Department of State imposed sanctions on multiple entities and individuals based in Hong Kong, the United Arab Emirates, the Marshall Islands, Qatar, Singapore, and India, pursuant to EO 13846, for their involvement in transporting Iranian petroleum and petrochemical products, or for engaging in trade connected to Iranian‑origin petrochemical products.
Concurrently, OFAC sanctioned five Hong Kong-based entities, pursuant to EO 13224, which have facilitated the storage, transport, and sale of this oil, on behalf of the Islamic Revolutionary Guard Corps, Iran's Armed Forces General Staff, and its military apparatus.
Please send an email to subscriptions@overruled.com if you would like information on how to subscribe to access additional detail about these and other sanctions- and export controls-related actions. If you are already a paid subscriber, please login to OverRuled for access to exclusive content, analysis, and historic search functionality.