News & Analysis as of

Oil & Gas Liquid Natural Gas Office of Foreign Assets Control (OFAC)

Locke Lord LLP

OFAC Extends General License to Allow ‎Export Liquefied Petroleum ‎Gas to PdVSA for Humanitarian Aid

Locke Lord LLP on

The Venezuela Sanctions Regulations, 31 CFR Part 591 (“VSR”), which was enacted pursuant to Executive Order (“EO”) 13850 of November 1, 2018 (“Blocking Property of Additional Persons Contributing to the Situation in...more

BakerHostetler

United States Bans Imports of Russian Petroleum Products, LNG and Coal as well as Certain New Investment in the Russian Federation

BakerHostetler on

President Biden signed an Executive Order prohibiting the importation into the United States of Russian origin crude oil, petroleum, petroleum fuels, oils, and products of their distillation; liquefied natural gas (LNG);...more

Eversheds Sutherland (US) LLP

US Removes COSCO Shipping Arm from OFAC Sanctions List

On January 31, 2020, the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury removed sanctions on COSCO Shipping Tanker (Dalian). The delisting may have resulted from US-Chinese...more

Dechert LLP

U.S., EU, Canada and Australia Take Coordinated Action Targeting Russia as Congress Considers Further Sanctions

Dechert LLP on

Last week, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”), the EU Council, and Canada imposed further sanctions targeting Russian individuals and entities allegedly involved in the escalation of...more

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