OFAC Authorizes Transactions With German Subsidiaries of Russia's Rosneft
The Office of Foreign Assets Control issued a new general license this week that authorizes certain transactions involving the German subsidiaries of major Russian energy company Rosneft, which OFAC sanctioned earlier this month (see 2510220050). General License 129, issued Oct. 29, authorizes certain transactions with Rosneft Deutschland GmbH and RN Refining & Marketing GmbH, along with their majority-owned entities, through 12:01 a.m. ET April 29. OFAC also updated one FAQ about its restrictions on petroleum services involving Russia.
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The U.K. previously issued a general license to allow certain transactions with Rosneft Deutschland and RN Refining & Marketing (see 2510220012).