OFAC: 3 NEW FAQ RE RUSSIA SANCTIONS

On 4 March, OFAC issued 3 new FAQ about winding down energy-based transactions and what to do if a bank refuses to complete a transaction under General License 8A; plus can one transport or sell Russia-origin oil without violating sanctions?

https://home.treasury.gov/policy-issues/financial-sanctions/faq/added/2022-03-04

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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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