U.S. OFAC sanctions individuals and entities aiding Russia’s war against Ukraine

OFAC issued four Russia-related general licenses and updated its specially designated nationals and blocked persons list.

OFAC issued four Russia-related general licenses

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today issued sanctions that, according to a related Treasury release, focus on individuals and entities assisting Russia’s war against Ukraine by providing Russia with technology and equipment from third countries. Additionally, these actions target Russia’s domestic industrial base.

Today’s OFAC release lists the following Russia-related general licenses:

  • General License 13G [PDF 217 KB]—Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024
  • General License 74 [PDF 217 KB]—Authorizing the Wind Down and Rejection of Transactions Involving East-West United Bank
  • General License 75 [PDF 222 KB]—Authorizing Certain Transactions Related to Debt or Equity of, or Derivative Contracts Involving, Certain Entities Blocked on November 2, 2023
  • General License 76 [PDF 150 KB]—Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on November 2, 2023
    • OFAC on November 8, 2023, issued General License 76A [PDF 226 KB], which amends General License 76 to clarify that the license applies to a certain public joint stock company. The general license is otherwise unchanged.

 OFAC also updated its specially designated nationals and blocked persons list.

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
E: ivaysfeld@kpmg.com

Amie Ahanchian
E: aahanchian@kpmg.com

Christopher Young
E: christopheryoung@kpmg.com

Gisele Belotto
E: gbelotto@kpmg.com

George Zaharatos
E: gzaharatos@kpmg.com

Andy Doornaert
Managing Director
E: adoornaert@kpmg.com

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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