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

John L. McLoughlin
Principal and East Coast Leader
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Andy Siciliano
Partner and National Practice Leader
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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
E: ivaysfeld@kpmg.com

Amie Ahanchian
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Christopher Young
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Gisele Belotto
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George Zaharatos
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Andy Doornaert
Managing Director
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Jessica Libby
E: jlibby@kpmg.com
John Anderson
Managing Director
E: johneanderson@kpmg.com
Jenna Leigh Glass
Managing Director
E: jennaleighglass@kpmg.com

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