Russia-related Designations Removals | Office of Foreign Assets Control

https://ofac.treasury.gov/recent-actions/20260624
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2026-06-24 16:32:33 · pdonofrio@vixio.com
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TITLE: United States Office of Foreign Assets Control Removes Russia-Related Designations from Sanctions List BODY: On June 24, 2026, the Office of Foreign Assets Control (OFAC) removed multiple individuals and entities from its Specially Designated Nationals (SDN) List, which identifies persons and organisations subject to United States sanctions. The removals included 12 Russian individuals linked to financial institutions and government entities, among them German Valentinovich Belous, Mikhail Vasilyevich Klyukin (linked to Sovcombank Open Joint Stock Company), and Irina Vladimirovna Kremleva, Viktor Andreevich Nikolaev, and Nadia Narimanovna Cherkasova (all linked to Public Joint Stock Company Bank Financial Corporation Otkritie). Ivan Vladimirovich Potanin, who was linked to Vladimir Olegovich Potanin, and Maxim Yuryevich Smirnov were also delisted. Additionally, OFAC removed two Russian-flagged vessels—the Vyacheslav Arshinov and the Gennady Egorov—which were linked to Joint Stock Company State Transportation Leasing Company. The delisting also encompassed three Turkish entities: Ida Asansor Sanayii Ve Ticaret Limited Sirketi (Ida Elevator Industry and Trade Limited Company) based in Malatya, and Dein Danismanlik Pazarlama Ve Ticaret Anonim Sirketi based in Istanbul. All individuals and entities removed were originally designated under Executive Order 14024, which authorises sanctions related to Russia. The removals represent a significant shift in OFAC's enforcement posture regarding Russia-related designations, though the specific rationale for the delisting decisions was not disclosed in the announcement. OFAC maintains the SDN List as the primary tool for implementing United States economic sanctions programmes. Parties conducting transactions must verify that counterparties do not appear on the SDN List or other OFAC sanctions lists to ensure compliance with applicable sanctions regulations.
  • Scraped:2026-06-24 16:32:33
  • Created:2026-06-24 16:32:32
  • By:pdonofrio@vixio.com (38)