US: FACT SHEET ON GENERAL LICENSE RELATED TO RUSSIA’S INVASION OF UKRAINE AND AGRICULTURE AND HUMANITARIAN AID

On 19 April, KPMG reported that OFAC has issued the following documents related to Russia’s ongoing invasion of Ukraine –

A factsheet which outlines humanitarian and food-related authorizations issued by OFAC and provides consolidated information for financial institutions, NGO, and market participants to more easily assess whether they are engaging in authorised or exempt transactions; and

A Russia-related General License relating to certain transactions in support of NGO activities.

https://home.kpmg/us/en/home/insights/2022/04/tnf-us-fact-sheet-general-license-russia-invasion-ukraine.html

https://home.treasury.gov/news/press-releases/jy0722

https://home.treasury.gov/system/files/126/russia_fact_sheet_20220419.pdf

https://home.treasury.gov/system/files/126/russia_gl27.pdf

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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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