OFAC issues new general licenses 55F and 115D for Russian sanctions

The Office of Foreign Assets Control published General Licenses 55F and 115D on June 11, 2026. Both licenses remain in effect until 12:01 a.m. eastern standard time, December 18, 2026, and each replaces a prior license - 55F supersedes General License 55E dated December 17, 2025, and 115D supersedes General License 115C dated December 17, 2025.

General License 55F authorizes transactions otherwise prohibited by the November 21, 2022 determination under Executive Order 14071 and the January 10, 2025 determination under the same order when those transactions relate to the Sakhalin-2 project. Authorization is limited to imports of Sakhalin-2 byproduct into Japan and to transactions involving Gazprombank Joint Stock Company or entities in which Gazprombank holds a 50 percent or greater interest, including Sakhalin Energy LLC. The license expressly excludes any activity prohibited by Directive 2 or Directive 4 under Executive Order 14024 and any transaction involving a person blocked under the Russian Harmful Foreign Activities Sanctions Regulations, except for the blocked persons listed in paragraph (b).

General License 115D authorizes transactions prohibited by Executive Order 14024 that involve a specified list of Russian financial institutions - including Gazprombank, Vnesheconombank, Otkritie, Sovcombank, Sberbank, VTB Bank, Alfa-Bank, Rosbank, Zenit, Saint-Petersburg Bank, the National Clearing Center, any entity owned 50 percent or greater by those institutions, and the Central Bank of the Russian Federation - when the transactions are "related to civil nuclear energy." The license defines that term as activities undertaken solely to maintain or support civil nuclear projects that were initiated before November 21, 2024. Exclusions mirror those in 55F, barring correspondent or payable-through accounts for entities subject to Directive 2, debits to accounts of the Central Bank, National Wealth Fund, or Ministry of Finance, and any other prohibited transaction under the Russian Harmful Foreign Activities Sanctions Regulations.

The full text of both licenses is available on OFAC's website. Inquiries may be directed to the Assistant Director for Regulatory Affairs at 202-622-4855 or via https://ofac.treasury.gov/contact-ofac.