U.S. publication of 14 general licenses related to Russia

Russian harmful foreign activities sanctions regulations “web general licenses”

Russian harmful foreign activities sanctions regulations “web general licenses”

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) today released for publication in the Federal Register four documents containing the publication of 14 Russian harmful foreign activities sanctions regulations “web general licenses.”

Text of the web general licenses is published in the following documents.

Publication of Russian harmful foreign activities sanctions regulations web general licenses 38A and 50 [PDF 246 KB]

  • General License No. 38A—Authorizing transactions related to pension payments
  • General License No. 50—Authorizing the closing of individual accounts at financial institutions blocked pursuant to Executive Order 14024

Publication of Russian harmful foreign activities sanctions regulations web general licenses 40A, 43A, 47, 48, and 49 [PDF 269 KB]

  • General License No. 40A—Civil aviation safety
  • General License No. 43A—Divestment or transfer of debt or equity of, and wind down of derivative contracts involving, public joint stock company Severstal or Nord Gold PLC
  • General License No. 47—Authorizing the wind down of transactions involving certain entities blocked on August 2, 2022
  • General License No. 48—Divestment or transfer of debt or equity of, and wind down of derivative contracts involving, certain entities blocked on August 2, 2022
  • General License No. 49—Authorizing the wind down of transactions involving MMK Metalurji Sanayi Ticaret Ve Liman Isletmeciligi Anonim Sirketi

Publication of Russian harmful foreign activities sanctions regulations web general licenses 40B, 47A, and 48A [PDF 262 KB]

  • General License No. 40B—Civil aviation safety
  • General License No. 47A—Authorizing the wind down of transactions involving certain entities blocked on August 2, 2022
  • General License No. 48A—Divestment or transfer of debt or equity of, and wind down of derivative contracts involving, certain entities blocked on August 2, 2022

Publication of Russian harmful foreign activities sanctions regulations web general licenses 8, 8A, 8B, and 8C [PDF 252 KB]

  • General License No. 8—Authorizing transactions related to energy
  • General License No. 8A—Authorizing transactions related to energy
  • General License No. 8B—Authorizing transactions related to energy
  • General License No. 8C—Authorizing transactions related to energy

 

For more information on sanctions and other responses to Russia’s war on Ukraine, visit KPMG’s dedicated website.

Contact a professional with KPMG’s Trade & Customs services:

Doug Zuvich
Partner and Global Practice Leader
E: dzuvich@kpmg.com

John L. McLoughlin
Principal and East Coast Leader
E: jlmcloughlin@kpmg.com

Andy Siciliano
Partner and National Practice Leader
E: asiciliano@kpmg.com

Steve Brotherton
Principal and Global Export and Sanctions Leader
E: sbrotherton@kpmg.com

Luis (Lou) Abad
Principal, Washington National Tax
E: labad@kpmg.com

Irina Vaysfeld
Principal
E: ivaysfeld@kpmg.com

Amie Ahanchian
Principal
E: aahanchian@kpmg.com

Christopher Young
Principal
E: christopheryoung@kpmg.com

Gisele Belotto
Principal
E: gbelotto@kpmg.com

George Zaharatos
Principal
E: gzaharatos@kpmg.com

Andy Doornaert
Managing Director
E: adoornaert@kpmg.com

Jessica Libby
Principal
E: jlibby@kpmg.com

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.