meta_id 3228404

On June 10, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued seven amended Venezuela-related General Licenses and published two Venezuela-related Frequently Asked Questions (FAQs 1259 and 1260). The General Licenses authorize specific transactions involving Venezuelan oil, petrochemical products, diluents, minerals including gold, and transactions with Petróleos de Venezuela, S.A. (PDVSA). The licenses also permit the supply of certain items and services to Venezuela and authorize transactions related to oil and gas sector operations involving designated entities. Simultaneously, OFAC updated its Specially Designated Nationals and Blocked Persons List (SDN List) with new designations targeting individuals and entities supporting Iran's military and weapons programs. OFAC designated six individuals from Iran and China, including Sajjad Ahadzadeh and Manuchehr Golchin from Iran, and Liu Boyu, Meng Shaopei, Wang Hongyi, and Xu Lichun from China. Four entities were added to the SDN List: Domus Trading HK Limited (Hong Kong), Mustad Shanghai International Trade Co Ltd (China), Shangshun Hong Kong Ltd (Hong Kong), and Solos International Limited (Hong Kong). OFAC also updated existing SDN List entries for Armory Alliance LLC (Belarus) and the Center for Innovation and Technology Cooperation (Iran), adding Iran-related arms control designations. Individual Mohammadmahdi Maleki received similar designation updates. All newly designated individuals and entities are subject to secondary sanctions. These actions target networks facilitating Iran's acquisition of weapons and military technology. The designations and General Licenses reflect OFAC's ongoing enforcement of U.S. sanctions programs targeting non-proliferation concerns and foreign military support networks.