On 22 February, OFAC announced that –
- Directive 1A had been issued under hew Executive Order 14024 and concerned with prohibitions related to certain sovereign debt of the Russian Federation;
- Added 3 individuals and a large number of entities to the SDN List or Non-SDN Menu-Based Sanctions list ;
- Issued 2 new General Licenses – authorising certain servicing transactions involving State Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank; and authorizing the wind down of transactions involving State Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank;
- Issued 2 new FAQ (964 and 965); and
- Updated several other FAQ
https://home.treasury.gov/system/files/126/russia_directive_1a.pdf
https://home.treasury.gov/system/files/126/russia_gl2.pdf
https://home.treasury.gov/system/files/126/russia_gl3.pdf
https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20220222
https://home.treasury.gov/news/press-releases/jy0602
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