GeopoliticsIMPORTANT

US OFAC issues Russia General License; Issues sanctions related to Cuba and Iran

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OFAC issued a license for the sale of Lukoil International GmbH while imposing new sanctions on Iran-linked groups and Cuban entities related to illicit drugs on August 20, 2026.

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Sanctions individuals linked to Hezbollah and the IRGC. Sanctions individuals linked to the Cuban Institute of the Peples and related to illicit drugs. Sanctions entiteis linked to Cuba. Russia "Authorizing Certain Transactions for the Negotiation of and Entry Into Contingent Contracts for the Sale of Lukoil International GmbH and Related Maintenance Activities"

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