2025-01433NoticeWallet

Treasury Hits Russian Oil Tycoon with Asset Freeze

Published Date: 1/22/2025

Notice

Summary

The U.S. Treasury’s OFAC just added Yusuf Alekperov, a Russian energy sector figure, to its sanctions blacklist. This means all his U.S.-related property is frozen, and Americans can’t do business with him. The move, effective January 10, 2025, aims to tighten the squeeze on Russia’s harmful activities, especially linked to Ukraine.

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

OFAC SDN Listings Block Assets

On January 10, 2025, OFAC added Yusuf Alekperov and numerous other named individuals and entities to the Specially Designated Nationals (SDN) List. All property and interests in property subject to U.S. jurisdiction of those listed are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.

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Key Dates

Effective Date
Published Date
1/10/2025
1/22/2025

Department and Agencies

Department
Independent Agency
Agency
Treasury Department
Foreign Assets Control Office
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