U.S. OFAC issues Russia-related FAQ related to SDN list additions

Additions to the specially designated nationals list (SDN list) and issued a Russia-related “frequently asked question”

Additions to the specially designated nationals list (SDN list) and issued a Russia-relate

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today made additions to the specially designated nationals list (SDN list) and issued a Russia-related “frequently asked question” (FAQ):

1131. Is LETTERONE HOLDINGS S.A. (LetterOne) blocked as a result of the designation of Petr Olegovich Aven, Mikhail Maratovich Fridman, German Borisovich Khan, and Alexey Viktorovich Kuzmichev?

No.  OFAC has not designated LetterOne and, based on information available to OFAC, LetterOne is not owned 50 percent or more by blocked persons or otherwise considered the blocked property or interest in property of blocked persons, including Petr Olegovich Aven, Mikhail Maratovich Fridman, German Borisovich Khan, and Alexey Viktorovich Kuzmichev. 

Read the OFAC release and related Treasury release

 

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

Doug Zuvich
Partner and Global Practice Leader
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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
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Luis (Lou) Abad
Principal, Washington National Tax
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Irina Vaysfeld
Principal
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Amie Ahanchian
Principal
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Christopher Young
Principal
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Gisele Belotto
Principal
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George Zaharatos
Principal
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Andy Doornaert
Managing Director
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Jessica Libby
Principal
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John Anderson
Managing Director
E: johneanderson@kpmg.com
Jenna Leigh Glass
Managing Director
E: jennaleighglass@kpmg.com

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