OFAC Removes Sanctions From Russian Aircraft Company

The Office of Foreign Assets Control on May 3 removed several Russia-related entries from its Specially Designated Nationals List, including Malta- and Russia-based aircraft management company Emperor Aviation Ltd., which was designated in 2022 for providing luxury travel to a Russian government official (see 2211140018). OFAC also removed several aircraft owned by Emperor Aviation from the SDN List.

An OFAC spokesperson said the company and its vessels were removed either due to a "behavior change" or a "change of circumstances." OFAC in January removed sanctions from another aircraft owned by Emperor Aviation (see 2401120016).