OFAC ADDS 8 INDIVIDUALS AND A NUMBER OF ENTRIES TO RUSSIA SANCTIONS LISTS, AMENDS 2 EXISTING ENTRIES AND ISSUES 5 GENERAL LICENSES

On 7 April, OFAC advised that further changes had been made to the Russia sanctions lists.  The General Licenses authorises certain transactions, including winding down some operations and permitting certain transactions related to telecommunications and certain internet-based communications.  The companies targeted include Alrosa, the world’s largest diamond mining company, and United Shipbuilding Corporation, Russia’s largest shipbuilder.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20220407

https://home.treasury.gov/news/press-releases/jy0707

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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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