U.S. OFAC issues Russia-related general licenses and new FAQ

OFAC also added to its list of specially designated nationals (SDN list).

OFAC also added to its list of specially designated nationals (SDN list).

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today issued the following Russia-related general licenses.

  • General License 62 [PDF 105 KB]—Authorizing the wind down of transactions involving Holdingovaya Kompaniya Metalloinvest AO, MegaFon PAO, Limited Liability Company USM Telecom, or Akkermann Cement Ca Limited Liability Company
  • General License 63 [PDF 159 KB]—Authorizing transactions related to debt or equity of, or derivative contracts involving, Holdingovaya Kompaniya Metalloinvest AO
  • General License 64 [PDF 104 KB]—Authorizing certain transactions involving Kommersant
  • General License 65 [PDF 162 KB]—Authorizing transactions related to telecommunications and certain internet-based communications involving MegaFon PAO or Digital Invest Limited Liability Company

OFAC revoked Russia-related General License 15 [PDF 687 KB]—Authorizing transactions involving certain blocked entities owned by Alisher Burhanovich Usmanov.

OFAC also issued one “frequently asked question” (1122) and added to its list of specially designated nationals (SDN list).

Read a related Treasury release
 

For more information, contact a professional with KPMG Trade & Customs services:

Doug Zuvich
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Luis (Lou) Abad
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Irina Vaysfeld
Principal
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Amie Ahanchian
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Christopher Young
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Jessica Libby
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John Anderson
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Jenna Leigh Glass
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