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United States Office of Foreign Assets Control Removes Ethiopia-Related Sanctions Designations Following Emergency Expiration

On September 18, 2026, the United States Department of the Treasury's Office of Foreign Assets Control (OFAC) announced the expiration of the national emergency declared in Executive Order 14046 of September 17, 2021, which imposed sanctions related to the humanitarian and human rights crisis in Ethiopia. Following the expiration of this emergency declaration, OFAC removed from the List of Specially Designated Nationals and Blocked Persons (SDN List) all individuals and entities designated pursuant to Executive Order 14046 whose property had been blocked. The removals include the People's Front for Democracy and Justice (Eritrea), the Eritrean Defense Forces, and four individuals: Hagos Ghebrehiwet Wkidan, Abraha Kassa Nemariam, and two commercial entities—Red Sea Trading Corporation and Hidri Trust. OFAC also removed all Frequently Asked Questions pertaining to the Ethiopia sanctions program from its website. In related action, OFAC issued Russia-related General License 131J, authorizing certain transactions for the negotiation of and entry into contingent contracts for the sale of Lukoil International GmbH and related maintenance activities. OFAC simultaneously issued two amended Russia-related Frequently Asked Questions (FAQs 1224 and 1225) to provide guidance on Russia sanctions compliance. Entities and individuals previously designated under Executive Order 14046 should verify their removal from the SDN List and update their compliance procedures accordingly. Financial institutions and other parties subject to OFAC regulations should review the updated sanctions lists and guidance materials to ensure continued compliance with United States sanctions programs.

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US Office of Foreign Assets Control Removes Ethiopia-Related Designations and Issues Amended Russia-Related General License

On September 18, 2026, the US Office of Foreign Assets Control (OFAC) announced the expiration of the national emergency declared in Executive Order 14046 of September 17, 2021, concerning the humanitarian and human rights crisis in Ethiopia. Following this expiration, OFAC removed from its Specially Designated Nationals and Blocked Persons (SDN) list all individuals and entities whose property had been blocked solely pursuant to Executive Order 14046. The removals include the People's Front for Democracy and Justice (Eritrea), the Eritrean Defense Forces, two Eritrean individuals (Hagos Ghebrehiwet Wkidan and Abraha Kassa Nemariam), and two Eritrean entities (Red Sea Trading Corporation and Hidri Trust). OFAC also removed all frequently asked questions pertaining to the Ethiopia program from its website. Separately, OFAC issued Russia-related General License 131J, which authorizes certain transactions for the negotiation of and entry into contingent contracts with Public Joint-Stock Company Oil Company Lukoil for the sale, disposition, or transfer of Lukoil International GmbH (LIG) and related entities. The license permits transactions ordinarily incident and necessary to maintenance or wind-down operations of LIG entities through October 22, 2026. General License 131J replaces and supersedes General License 131I, issued August 20, 2026. The license does not authorize unblocking of property blocked under other sanctions regulations, transactions involving persons blocked under Russia sanctions (other than LIG entities), or transfers of funds to persons or accounts located in the Russian Federation. OFAC simultaneously issued amended Russia-related frequently asked questions (FAQs 1224 and 1225) providing clarification on authorized transactions under General License 131J and related Lukoil divestment activities. FAQ 1224 specifies that any future authorization for effectuating an actual sale of LIG assets would require complete severance of ties with Lukoil, blocking of funds owed to Lukoil in US-jurisdiction accounts, and assurance that the transaction does not provide windfall benefits to Lukoil.

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fetch https://ofac.treasury.gov/faqs/updated/2026-09-18 http · 6812 chars · 40 links
search "OFAC Russia general license Lukoil Ethiopia emergency expiration" → nids 91636, 92842, 92282, 93852, 95219

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US Office of Foreign Assets Control Adjusts Ethiopia and Russia Sanctions Programs

On September 18, 2026, the US Office of Foreign Assets Control (OFAC) issued a series of actions related to its Ethiopia- and Russia-related sanctions programs. Regarding its Ethiopia program, OFAC announced the expiration of the national emergency declared in Executive Order 14046 , which imposed sanctions related to the humanitarian and human rights crisis in Ethiopia. Following the expiration of this emergency declaration, OFAC removed from its Specially Designated Nationals (SDN) list all individuals and entities designated pursuant to the executive order whose property and interests had been blocked. The removals include the Eritrea-based People's Front for Democracy and Justice (PFDJ), four individuals and two commercial entities. OFAC also removed all frequently asked question (FAQ) documents pertaining to its Ethiopia sanctions program from its website. Concurrently, OFAC issued Russia-related General License 131J , which authorizes certain transactions surrounding the negotiation of and entry into contingent contracts for the sale of Lukoil International GmbH and related maintenance activities. OFAC simultaneously issued two amended Russia-related FAQ documents, FAQ 1224 and 1225 , to provide guidance on updated Russia sanctions compliance under the new general license.