OFAC RUSSIA-RELATED GENERAL LICENSES PLUS NEW AND AMENDED RUSSIA-RELATED FAQ

On 5 May, OFAC advised that it had issued several new or amended General Licenses, plus 1 new and 1 amended FAQ.  The General Licenses are 7A (Authorizing Overflight Payments, Emergency Landings, and Air Ambulance Services); 26A (Authorizing the Wind Down of Transactions Involving Joint Stock Company SB Sberbank Kazakhstan, Sberbank Europe AG, or Sberbank (Switzerland) AG); 31 (Authorizing Certain Transactions Related to Patents, Trademarks, and Copyrights); and 32 (Authorizing the Wind Down of Transactions Involving Amsterdam Trade Bank NV).  The FAQ relate to Afghanistan-related transactions with Transkapitalbank (TKB) and Executive Order 14065 block the entire Donetsk and Luhansk oblasts?

https://content.govdelivery.com/accounts/USTREAS/bulletins/3167a16

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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 View all posts by raytodd2017