OFAC removes Russian banker Zadornov from sanctions list
Summary
The ABA Banking Journal reports that the Treasury Department's Office of Foreign Assets Control (OFAC) has removed Russian banker Mikhail Zadornov from its sanctions list. This delisting action reverses the prior designation of Zadornov, who had been subject to asset freezes and transaction prohibitions under U.S. sanctions authority.
What changed
OFAC has removed Mikhail Zadornov from its sanctions list, effectively lifting the prohibitions on transactions with this individual. This marks a reversal of the prior designation that had blocked all U.S. persons and entities from dealing with Zadornov's assets. The specific reasons for the delisting are not detailed in this report.
For financial institutions and businesses with sanctions compliance obligations, this delisting means that counterparties previously blocked due to Zadornov's designation may now be eligible for engagement. Compliance teams should update screening systems promptly to reflect this removal and review any records or blocked transactions associated with Zadornov's prior status.
What to do next
- Monitor OFAC's regularly updated SDN list for any further changes to Russian sanctions designations
- Review internal sanctions screening systems to ensure accurate and timely updates following OFAC delisting actions
- Assess any existing business relationships or transactions that may have been affected by Zadornov's prior sanctions status
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Recent news from Treasury’s Office of Foreign Assets Control: April 6
April 6, 2026 Reading Time: 2 mins read The Office of Foreign Assets Control announced the following sanctions action last week.
Russia-related Sanctions
OFAC removes Russian banking executive from SDN List: OFAC removed Mikhail Mikhaylovich Zadornov, a Russian national previously designated under Executive Order 14024, from the SDN List. Zadornov had been linked to Public Joint Stock Company Bank Financial Corporation Otkritie, which remains subject to U.S. sanctions. Read more.
Counter-narcotics-related and Russia-related Sanctions
OFAC removes narcotics and Russia‑related designees from SDN List: OFAC announced the removal of multiple individuals and entities from the SDN List, including Mexico‑based narcotics traffickers designated under the Foreign Narcotics Kingpin sanctions program and related aliases. The update also includes the delisting of several Russia‑related vessels and other designees previously listed under Executive Order 14024. Read more.
Venezuela-related Sanctions
OFAC clarifies sanctions risk under Venezuela general licenses: On March 31, OFAC issued FAQ 1247 clarifying whether U.S. citizens face sanctions risk for engaging in transactions authorized under General Licenses 46B, 51A, and 52. The guidance addresses the scope of permitted activity under these licenses and provides additional compliance clarity for authorized transactions. Read more.
OFAC removes Venezuelan interim president from SDN List: OFAC removed Delcy Eloina Rodríguez Gómez, also known as Delcy Rodríguez, from the SDN List under the Venezuela sanctions program. She has been serving as Venezuela’s interim president since March. The action lifts blocking sanctions previously imposed on her in connection with U.S. Venezuela related sanctions. Read more.
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