Frequently Asked Questions (FAQ)
Here's the new section, in its entirety: Questions Related to Sectoral Sanctions under Executive Order 13662 Print This entire FAQ topic 370. What is this prohibition under Executive Order (E.O.) 13662? Is it a blocking action? The sanctions imposed today on specified persons operating in sectors of the Russian economy […]
From the FAQ: 374. If I own a Kalashnikov product, is that product blocked by sanctions? Am I able to resell a Kalashnikov product at a gun show or other secondary market? If a U.S. person is in possession of a Kalashnikov Concern product that was bought and fully paid […]
From the FAQ: 373. Do the prohibitions under E.O. 13662 also extend to debt and equity issued by entities owned 50 percent or more by the entities identified by this order, as per guidance OFAC issued on February 14, 2008? Yes, this prohibition applies to the named persons, their property, […]
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 […]
From the FAQ: 371. What does OFAC interpret to be debt and equity? Are there other prohibited activities under these directives? Can U.S. financial institutions continue to maintain correspondent accounts and process U.S. dollar-clearing transactions for the entities identified by this order? The term debt includes bonds, loans, extensions of […]
From the FAQ: 370. What is this prohibition under Executive Order (E.O.) 13662? Is it a blocking action? The sanctions imposed today on specified persons operating in sectors of the Russian economy identified by the Secretary of Treasury were done under Executive Order 13662 through directives issued by OFAC pursuant […]
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