Without further ado… the new guidance on the price cap: The two Determinations: and: The new versions of GL 56: and 57: The new versions of the GLs also reference the new Determinations in addition to the November 21, 2022 ones. And a statement from Treasury Secretary Yellen: SECRETARY STATEMENTS […]
OFAC published a Determination related to the institution of the price cap on Russian oil: Secretary of the Treasury Yellen issued a statement: SECRETARY STATEMENTS & REMARKS Statement by Secretary of the Treasury Janet L. Yellen on the Announcement of the Price Cap December 2, 2022 WASHINGTON – Secretary of […]
Yesterday, OFAC published a Determination showing which new prohibitions on services related to the shipment of Russian crude oil were now in place (since it already couldn’t be imported into the US): They also published detailed guidance: And three General Licenses, exempting transactions related to Sakhalin 2, the E.U. nations […]
Publication of Russia-related Determinations and Frequently Asked Questions Release date 09/15/2022 Body Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) has published a Determination Pursuant to Section 1(a)(i) of Executive Order 14024, a Determination Pursuant to Section 1(a)(ii) of Executive Order 14071, four related Frequently Asked […]
These did not appear with today’s OFAC release, but were mentioned in the press release from Treasury… Treasury is also taking additional action to cut off Russia’s access to a key service from U.S. companies. Today, OFAC issued a determination pursuant to E.O. 14071 prohibiting the exportation, reexportation, sale, or […]
Mr. Watchlist 