meta_id 3010824

On March 27, 2026, the United States Office of Foreign Assets Control (OFAC) removed multiple individuals and entities from its Specially Designated Nationals (SDN) List. The removals included Andriy Volodymyrovych Portnov, a Ukrainian national born on October 27, 1973, and the Andriy Portnov Fund, a Ukrainian charitable organisation registered in Kyiv. Portnov had been designated under the Global Magnitsky sanctions program (GLOMAG), which targets individuals and entities responsible for human rights abuses and corruption globally. The fund, linked to Portnov, was also delisted. Additionally, OFAC removed Vladimir Aleksandrovich Dmitriev, a Russian national born on August 25, 1953, and Frederic Pierre Villa, an individual with Italian and Swiss nationality born on October 21, 1967. Both were designated under Executive Order 14024, which authorises secondary sanctions related to Russia. Villa was linked to Stratton Investment Group Ltd. The delisting of these individuals and entities represents a significant shift in OFAC's enforcement posture regarding Global Magnitsky designations and Russia-related sanctions. The removals suggest either a change in circumstances regarding the designated parties or a reassessment of the factual basis for their original designations. Entities and individuals previously subject to restrictions related to these designations should review their compliance obligations, as transactions with the delisted parties may now proceed without OFAC authorisation, subject to other applicable sanctions programmes. REFERENCES: Office of Foreign Assets Control. Global Magnitsky Designations Removals; Russia-related Designations Removals. March 27, 2026. https://ofac.treasury.gov/recent-actions