OFAC ADDS NORD STREAM 2 AG TO RUSSIA SANCTIONS LIST AND 1 GERMAN NATIONAL, AND GENERAL LICENSE TO RUN DOWN NORD STREAM 2 OPERATIONS

On 23 February, OFAC announced that it had added Swiss-based Nord Stream 2 AG to its sanctions lists, together with Matthias Warnig.  It also issued General License authorizing the wind down of transactions involving Nord Stream 2 AG.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20220223_33

https://home.treasury.gov/system/files/126/peesa_gl4.pdf

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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