OFAC: RUSSIA SANCTIONS – NEW INDIVIDUALS, VESSEL AND ENTITIES DESIGNATED, 3 NEW GENERAL LICENSES AND 2 NEW FAQ ISSUED

On 15 December, OFAC added 43 individuals and 21 entities to its Russia sanctions lists, along with the Cayman-flagged yacht Nirvana.  5 other existing sanctions entries have been amended.  OFAC also issued General Licenses 8E (authorising transactions related to energy); 58 (authorising the wind down and rejection of transactions involving public joint stock company Rosbank); and 59 (authorising transactions related to debt or equity of, or derivative contracts involving, public joint stock company Rosbank).  Related new FAQ 1103 and 1104 were also published.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20221215

https://home.treasury.gov/system/files/126/russia_gl8e.pdf

https://home.treasury.gov/system/files/126/russia_gl58.pdf

https://home.treasury.gov/system/files/126/russia_gl59.pdf

https://home.treasury.gov/policy-issues/financial-sanctions/faqs/added/2022-12-15

 

https://www.buymeacoffee.com/KoIvM842y

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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