From the FAQ:

372. Does today’s action prohibit U.S. persons from entering into derivatives contracts linked to debt or equity issued on or after July 16, 2014 by the entities identified today?

The action taken today under E.O. 13662 is solely a prohibition on transacting in, providing financing for, or otherwise dealing in debt with a maturity of longer than 90 days or equity if that debt or equity is issued on or after July 16, 2014 by, on behalf of, or for the benefit of the persons identified under Directive 1 and on transacting in, providing financing for, or otherwise dealing in debt with a maturity of longer than 90 days issued on or after July 16, 2014 by, on behalf of, or for the benefit of the persons identified under Directive 2. OFAC today issued General License 1, which authorizes certain transactions involving derivative products. [7-16-2014]

Posted with Blogsy

Categories: Executive Order 13662 Frequently Asked Questions (FAQ) OFAC Updates Sanctions Regulations Sectoral Sanctions Ukraine sanctions

eric9to5