Treasury Freezes Russian Cyber Villain's Assets: Another Day in Sanctions Land
Published Date: 3/4/2026
Notice
Summary
The U.S. Treasury’s OFAC just blocked all U.S.-related property of Oleg Kucherov, a Russian linked to serious cyberattacks. This means Americans can’t do business with him, and any money or assets he has under U.S. control are frozen starting February 24, 2026. It’s a big move to stop harmful cyber activities and protect national security.
Analyzed Economic Effects
4 provisions identified: 0 benefits, 4 costs, 0 mixed.
U.S. Persons Must Stop Doing Business
On February 24, 2026, the Treasury Department's OFAC added named persons to the SDN List. All property and interests in property of those persons that are subject to U.S. jurisdiction are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
Entity Blocked; Import Exception Noted
OFAC designated SPECIAL TECHNOLOGY SERVICES LLC FZ as blocked; all property and interests in its property are blocked and transactions with it are prohibited, but the notice explicitly states an exception for the importation of goods.
Banking, FX, and Loan Restrictions on Entity
For SPECIAL TECHNOLOGY SERVICES LLC FZ, OFAC's notice prohibits certain U.S.-jurisdiction banking and foreign-exchange transactions and bars United States financial institutions from making loans or providing credits to the entity totaling more than $10,000,000 in any 12-month period.
U.S. Persons Barred From Investing in Entity
The notice states that any United States person is prohibited from investing in or purchasing significant amounts of equity or debt instruments of SPECIAL TECHNOLOGY SERVICES LLC FZ.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-10259 — Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just blocked some companies and ships tied to Iran’s oil and petrochemical businesses. This means any money or property they have in the U.S. is frozen, and Americans can’t do business with them. The action started on May 19, 2026, so watch out for these new rules if you’re involved in shipping or trade!
2026-09758 — Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just added some folks and groups to its blacklist, meaning their U.S.-based money and property are frozen. Americans can’t do business with these blocked people or companies starting immediately. This move aims to tighten the financial noose and keep bad actors from using U.S. resources.
2026-09631 — Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just added new people to its blacklist, meaning their money and property in the U.S. are frozen. Americans can’t do business with these folks anymore, starting May 7, 2026. This move aims to stop bad actors from using the U.S. financial system and sends a clear message: shady dealings won’t be tolerated!
2026-09251 — Notice of OFAC Sanctions Action
The U.S. Treasury’s OFAC just blocked three shipping companies linked to Iran’s oil business, freezing their U.S.-based assets and banning Americans from dealing with them. This move, effective April 24, 2026, aims to tighten the squeeze on Iran’s petroleum sector and stop shady money flows. If you’re a U.S. person, steer clear of these companies or their ships to avoid penalties!
2026-09249 — Notice of OFAC Sanctions Action
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) just added new people to its blacklist, meaning their money and property in the U.S. are frozen. Americans can’t do business with these folks anymore, starting May 1, 2026. This move aims to stop bad actors from using U.S. resources and sends a clear message about who’s off-limits.
2026-09094 — Publication of Iranian Transactions and Sanctions Regulations Web General Licenses
The Treasury’s Office of Foreign Assets Control (OFAC) is officially publishing two special permissions called General Licenses S and T, which let certain transactions with blocked Iranian vessels and people happen safely and legally. These licenses were active from December 18, 2025, to January 18, 2026, helping businesses avoid penalties while handling specific cargo and safety tasks. If you’re involved in shipping or trade with Iran, these rules mattered for a short but important time.
Previous / Next Documents
Previous: 2026-04216 — Privacy Act of 1974; System of Records
The Department of the Interior is updating how it shares certain records with the U.S. Treasury to help catch and stop wrong payments. This change affects anyone receiving payments or awards from the department and kicks in April 6, 2026, after a 30-day comment period. It’s all about keeping your money safe and making sure payments are fair and accurate.
Next: 2026-04218 — Notice of Rescission of Guidance to Federal Financial Assistance Recipients Regarding Title VI Prohibition Against National Origin Discrimination Affecting Limited English Proficient Persons
Starting March 4, 2026, the Department of the Treasury is canceling its old rules that helped people who don’t speak English well get fair treatment when using federal money. This change follows a new law that makes English the official language of the U.S. If you get federal funds, you’ll need to adjust to this update, but no new costs or deadlines are announced yet.