OFAC NEW RUSSIA SANCTIONS GENERAL LICENSE AND FAQ

On 14 June, OFAC issued a new General License 8C authorising transactions related to energy and involving specified Russian financial institutions.  It has also issued several FAQ related to the License.

https://home.treasury.gov/system/files/126/russia_gl8c.pdf

https://home.treasury.gov/policy-issues/financial-sanctions/faqs/updated/2022-06-14

https://home.kpmg/us/en/home/insights/2022/06/tnf-us-publication-russia-related-general-license-amended-faqs.html

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

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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