Cuba Designation; Russia-related Designations Removals and Designation Update; Issuance of Amended Russia-related General Licenses and Frequently Asked Questions

State Press Release: Sanctioning Cuba’s State-Owned Oil and Gas Company Unión Cuba-Petróleo

In addition to the SDN List changes below, OFAC issued Russia-related General License 55F (“Authorizing Certain Services Related to Sakhalin-2”) and Russia-related General License 115D (“Authorizing Certain Transactions Related to Existing Civil Nuclear Energy Projects”), and amended eight Russia-related FAQs: 967, 978, 999, 1011, 1117, 1182, 1203, and 1216. The source page didn’t expose the underlying hyperlinks for these items, so they’re listed here without links.

Additions:

The following entity has been added to OFAC’s SDN List:

OFAC Program: CUBA-EO14404 Executive Order 14404 (Cuba Sanctions)

UNION CUBA PETROLEO

• AKA: CUPET
• Address: Avenida Salvador Allende No. 666, Entre Oquendo y Soledad, Havana 10300, Cuba
• Organization Established Date: 25 Mar 1992
• Target Type: State-Owned Enterprise
• Entity Code: 2605 (Cuba)

Supplemental Information: Per the State Department’s June 11, 2026 press statement, Treasury designated CUPET, Cuba’s state-owned oil and gas company, under Section 2(a)(i)(A) of E.O. 14404 (issued May 1, 2026) for operating in the Cuban energy sector. The statement notes that key CUPET assets had previously been expropriated from American owners. The action also supports the national emergency declared in E.O. 14380, addressing threats to the United States by the Government of Cuba, and NSPM-5. As a result, all CUPET property and interests in property within U.S. jurisdiction or in the possession or control of U.S. persons are blocked and reportable to OFAC, and any entity owned 50% or more by CUPET (individually or in the aggregate with other blocked persons) is also blocked. The State Department further warned that foreign persons dealing with CUPET — or operating in Cuba’s energy, defense and related materiel, metals and mining, financial services, or security sectors — face secondary sanctions risk under E.O. 14404, and that the existing CACR blocking provisions for Cuba remain in effect.

Delistings:

The following deletions have been made to OFAC’s SDN List:

OFAC Program: RUSSIA-EO14024 Executive Order 14024 (Russia)

MALTSEV, Sergey Aleksandrovich (Cyrillic: МАЛЬЦЕВ, Сергей Александрович), Russia; DOB 28 Feb 1973; POBSolikamsk, Perm, Russia; nationality Russia; Gender Male; Secondary sanctions risk: See Section 11 of Executive Order 14024. (individual) (Linked To: PUBLIC JOINT STOCK COMPANY SBERBANK OF RUSSIA).

RAYKES, Olga Borisovna (a.k.a. RAIKES, Olga Borisovna), 13/38 Tarmav Street, Rishon Lezion 7529025, Israel; Austria; Singapore; Pokrovka 35-17-1-17, Moscow 105062, Russia; DOB 25 Apr 1984; POB Ekaterinburg, Russia; nationality Russia; alt. nationality Israel; Gender Female; Secondary sanctions risk: See Section 11 of Executive Order 14024.; Passport 759916267 (Russia) expires 28 Jan 2029; alt. Passport 32392042 (Israel) issued 16 May 2018 expires 15 May 2023 (individual).

RAIKES, Olga Borisovna (a.k.a. RAYKES, Olga Borisovna), 13/38 Tarmav Street, Rishon Lezion 7529025, Israel; Austria; Singapore; Pokrovka 35-17-1-17, Moscow 105062, Russia; DOB 25 Apr 1984; POB Ekaterinburg, Russia; nationality Russia; alt. nationality Israel; Gender Female; Secondary sanctions risk: See Section 11 of Executive Order 14024.; Passport 759916267 (Russia) expires 28 Jan 2029; alt. Passport 32392042 (Israel) issued 16 May 2018 expires 15 May 2023 (individual).

Amendments:

The following changes have been made to OFAC’s SDN List:

OFAC Program: RUSSIA-EO14024 Executive Order 14024 (Russia)

VEND ORE GMBH

• Address: Novaragasse 55/4B, Vienna 1020, Austria
• Secondary sanctions risk: See Section 11 of Executive Order 14024.
• Organization Established Date: 26 Sep 2019
• Linked to: SAVELOV, Marat Maratovich

List of Changes:

• Field Name: Linked To
  • Deleted: RAYKES, Olga Borisovna