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OFAC Russia-Rama! Designations, General Licenses, a Determination, and FAQs! (and 1 Nicaragua update…)

The following individuals: AFANASYEV, Dmitriy Valeryevich (a.k.a. AFANASIEV, Dmitry), Russia; DOB 18 Nov 1988; POB Russia; nationality Russia; Gender Male (individual) [RUSSIA-EO14024]. ANANCHENKO, Aleksandr Evgenyevich (Cyrillic: АНАНЧЕНКО, Александр Евгеньевич) (a.k.a. ANANCHENKO, Aleksandr Evgenevich; a.k.a. ANANCHENKO, Oleksandr Yevhenovych (Cyrillic: АНАНЧЕНКО, Олександр Євгенович)), Donetsk, Ukraine; DOB 02 Feb 1966; alt. DOB 1967; […]

Russia General License 8 (Energy) extended to December 5th (and updates the FAQs)

Issuance of Russia-related General License 8C; Publication of amended Russia-related Frequently Asked Questions 06/14/2022 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 8C, “Authorizing Transactions Related to Energy.” In addition, OFAC has published amended Frequently Asked Questions. The obvious difference between GL8B […]

EU Q&A on 6th round of Russia sanctions

Questions and answers on the sixth package of sanctions against Russia  General What is the rationale of imposing such sanctions? Sanctions are targeted at the Russian economy, the Kremlin, its power base and those involved in Russia’s unprovoked war against Ukraine. They aim to impair the Russian government’s ability to […]

June 6, 2022: OFAC adds & updates some Russia FAQs

New Russia-related Frequently-Asked Questions (FAQs): Russian Harmful Foreign Activities Sanctions 1055. Do the new investment prohibitions of Executive Order (E.O.) 14066, E.O. 14068, or E.O. 14071 (collectively, “the respective E.O.s”) prohibit U.S. persons from lending funds to, or purchasing an equity interest in, entities located outside of the Russian Federation? […]

3 new Chinese Military Industrial Complex Sanctions FAQs

1048. After the relevant 365-day divestment period, are U.S. financial institutions required to block the attempted purchase or sale of Chinese Military-Industrial Complex Companies’ (CMIC) securities covered by Executive Order (E.O.) 13959, as amended? No.  E.O. 13959, as amended, does not require U.S. financial institutions to block transactions.  However, transactions […]