Friday - December 5, 2025
OFAC Imposes $7 Million Penalty on Company Tied to Sanctioned Russian Oligarch
December 05, 2025
WASHINGTON, Dec. 5 -- The U.S. Department of the Treasury issued the following news release on Dec. 4, 2025:

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OFAC Imposes $7 Million Penalty on Company Tied to Sanctioned Russian Oligarch

Gracetown violated U.S. sanctions despite notice from OFAC that dealings with Kremlin-connected oligarch were unlawful

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Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) imposed a $7,139,305penalty on . . .

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