OFAC extends Russia sanctions carve-outs for Sakhalin-2, civil nuclear projects
Treasury on June 11 issued two amended Russia-related general licenses, updated eight FAQs and removed two Russia-linked individuals from the SDN List, while also revising one entity listing.
WASHINGTON, June 11, 2026 — The US Treasury’s Office of Foreign Assets Control on Thursday rolled out a Russia-related sanctions package centered on renewed carve-outs for the Sakhalin-2 energy project and certain existing civil nuclear energy projects. OFAC also updated eight Russia-related frequently asked questions and made targeted changes to its SDN List.
OFAC issued General License 55F, which authorizes through 12:01 a.m. EST on Dec. 18, 2026 certain otherwise prohibited services tied to the maritime transport of crude oil from the Sakhalin-2 project, provided the byproduct is solely for import into Japan. The license also authorizes certain related dealings involving Gazprombank and Sakhalin Energy LLC, and it replaces General License 55E in full.
Treasury also issued General License 115D, extending through 12:01 a.m. EST on Dec. 18, 2026 certain transactions related to civil nuclear energy involving a group of sanctioned Russian financial institutions, including Gazprombank, VEB, Sberbank, VTB, Alfa-Bank and others, as well as the Central Bank of the Russian Federation. OFAC said the authorization applies solely to maintaining or supporting civil nuclear projects initiated before Nov. 21, 2024, not new projects.
In accompanying guidance, OFAC said the Sakhalin-2 extension preserves authorizations for activity that would otherwise be barred under the January 2025 petroleum services determination. It also clarified that the civil nuclear license covers a range of uranium, fuel, power and waste-related transactions linked to existing projects and operations.
On the SDN List, OFAC removed Sergey Aleksandrovich Maltsev and Olga Borisovna Raykes, also listed as Raikes, and amended the entry for Austria-based Vend Ore GmbH to remove a linkage to Raykes while retaining its link to Marat Maratovich Savelov.
For compliance teams, the action signals continued U.S. willingness to preserve narrowly tailored exemptions for energy security and civil nuclear operations even as broader Russia sanctions remain in place.
Regulatory Actions
Structured data extracted from official sources and validated by sanctions experts