OFAC Renews License Involving Russia's Sakhalin-2 Gas Project

The Office of Foreign Assets Control this week renewed a Russia-related general license that authorizes certain transactions related to crude oil originating from the Sakhalin-2 project, an oil and gas development business based in Russia, as long as the Sakhalin-2 byproduct is solely for importation into Japan. General License 55D, which replaces 55C (see 2411210020), authorizes those transactions through Dec. 19. The license was scheduled to expire June 28.