OFAC UKRAINE/RUSSIA-RELATED DESIGNATIONS AND IDENTIFICATION UPDATE  

On 6^th April, OFAC advised that it had added 23 individuals to its Ukraine/Russia related sanctions, notably including Oleg Deripaska and Igor Arkadyevich Roteberg.  It also designated an additional 14 entities under its Ukraine/Russia sanctions, including entities linked to Deripaska, the RFK Bank, United Company Rusal PLC and EN+ Group PLC from Jersey, and B-Finance Ltd from the BVI.  The details for existing listing Rosboroneksport were also amended.  OFAC also issued 2 General Licenses concerned with winding down existing and ongoing operations and authorising certain transactions necessary to divest or transfer debt, equity, or other holdings in certain blocked person.

8 new FAQ were issued concerned with the new listings, together with 1 updated FAQ concerned with CAATSA sanctions against Russia.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20180406.aspx

For more information on those listed see –

https://home.treasury.gov/news/press-releases/sm0338

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017