U.S. guidance includes Russia-related general licenses, directive, determinations, and FAQs

Russia-related updates

19 May 2023

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

Read the OFAC release

Russia-related general licenses

General License 13E [PDF 108 KB]—Authorizing certain administrative transactions prohibited by Directive 4 under Executive Order 14024
General License 66 [PDF 104 KB]—Authorizing the wind down of transactions involving public joint stock company Polyus
General License 67 [PDF 163 KB]—Authorizing certain transactions related to debt or equity of, or derivative contracts involving, public joint stock company Polyus
General License 68 [PDF 106 KB]—Authorizing the wind down of transactions involving certain universities and institutes

Russia-related directive and FAQs

Directive 4 under Executive Order (E.O.) 14024, as amended [PDF 165 KB]—Imposes an additional reporting requirement on U.S. persons to identify assets of entities subject to Russia-related Directive 4, as amended, which U.S. persons may hold
Updated “frequently asked questions” (FAQs) 998-1002, 1004-1005, and 1118 to reflect the amendment

Russia-related determinations and FAQs

Determination pursuant to Section 1(a)(i) of E.O. 14024 [PDF 161 KB]
Determination pursuant to Section 1(a)(ii) of E.O. 14071 [PDF 160 KB]
Three associated FAQs 1126-1128 consolidating OFAC’s general guidance pertaining to Russia-related sector and service determinations
Amended FAQs 1059 and 1061-1062

New FAQ

New FAQ related to a designated person (1129)

Updated SDN and SSI lists

The SDN and SSI lists have recently been updated.

Read also a Treasury release

For more information, 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
John Anderson Managing Director E: johneanderson@kpmg.com	Jenna Leigh Glass Managing Director E: jennaleighglass@kpmg.com

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