OFAC SANCTIONS AND GENERAL LICENSE AND FAQ CHANGES

On 21 May, OFAC announced a number of changes to sanctions regimes.  3 Russian entities have been added to its non-SDN sanctions list, together with 11 vessels.  At the same time 2 further Russian vessels have been added to SDN sanctions lists and the entry for LLC KOKSOKHIMTRANS (aka KOKSOKHIMTRANS LTD), designated under Ukraine sanctions, has been amended.  OFAC has also released PEESA General License No.1 – Authorizing Certain Activities Involving Federal State Budgetary Institution Marine Rescue Service – and 2 related FAQ.  The PEESA sanctions refer to the Protecting Europe’s Energy Security Act of 2019.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210521

https://home.treasury.gov/system/files/126/peesa_gl1.pdf

Separately, the US Treasury has provided details of non-SDN Lists

https://home.treasury.gov/policy-issues/financial-sanctions/consolidated-sanctions-list-non-sdn-lists

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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

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