Sanctions in a Snap: Developments in Sanctions - January 2026

Abigail McDonough, Jeremy Paner
Hughes Hubbard & Reed LLP
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Highlights from January 2026 include OFAC authorizations for certain downstream activities involving Venezuelan oil, negotiations for the eventual acquisition of Lukoil’s international assets and a counternarcotics designation announcement that should inform compliance controls for transactions with Costa Rica’s Puerto Moin.

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