RUSSIA-RELATED DESIGNATIONS, DESIGNATIONS UPDATES AND FAQ

On 30 September, OFAC announced the addition of a large number of new individuals and entities on its Russia sanctions list, with a number of others amended, plus new FAQ 1091.  The new names comprise 14 persons in Russia’s military-industrial complex, including 2 international suppliers, 3 key leaders of Russia’s financial infrastructure, immediate family members of some of senior Russian officials; and 278 members of Russia’s legislature.  OFAC also warned of the heightened sanctions risk that international actors outside of Russia would face for providing political or economic support to Russia as a result of its illegal attempts to change the status of Ukrainian territory. 

https://home.treasury.gov/policy-issues/financial-sanctions/faqs/1091

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20220930

https://home.treasury.gov/news/press-releases/jy0981

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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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