OFACFinal RuleJanuary 20, 2026

Russian Harmful Foreign Activities Sanctions Regulations Web General License 129

Finance & BankingOther

Summary

This regulation is a special permission issued by the U.S. Treasury Department that allows certain limited financial transactions with Russian entities despite broad sanctions meant to punish Russia for harmful activities. It's designed to prevent unintended harm to American businesses and individuals while still maintaining pressure on Russia.

Key Points

1OFAC (the Treasury Department's sanctions office) has granted a General License that permits specific types of transactions with Russia that would normally be prohibited
2This license allows certain financial dealings to continue in limited cases, such as humanitarian aid or transactions that don't benefit the Russian government
3The regulation applies to banks, businesses, and financial institutions that handle international money transfers and trade
4Companies must carefully follow the rules of this license or face serious penalties, including fines and criminal charges
5This is a temporary exception to broader Russian sanctions imposed due to national security concerns

Key Dates

Published

January 20, 2026

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This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.