U.S. guidance concerning Russia-related executive order
Russia-related general licenses, determinations, FAQs, and compliance advisory
Russia-related general licenses, determinations, FAQs, and compliance advisory
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today released for publication in the Federal Register five* Russia-related general licenses (GLs) [PDF 108 KB]:
- GL 83—"Authorizing certain transactions related to imports of certain categories of fish, seafood, and preparations thereof prohibited by Executive Order 14068”
- GL 84—"Authorizing transactions related to closing a correspondent or payable-through account”
- GL 85—“Authorizing the wind down of transactions and the closure of accounts involving Expobank Joint Stock Company”
The issuance of these GLs is pursuant to a Russia-related executive order “Taking additional steps with respect to the Russian Federation’s harmful activities” [PDF204 KB] issued in December 2023.
OFAC also in December 2023 issued related determinations, frequently asked questions (FAQs), and a compliance advisory. Read the OFAC release (December 22, 2023).
* GLs 81 and 82 were issued on December 20, 2023. Read TradeNewsFlash
For more information, contact a professional with KPMG’s Trade & Customs services:
Doug Zuvich |
John L. McLoughlin |
Andy Siciliano |
Steve Brotherton |
Luis (Lou) Abad |
Irina Vaysfeld |
Amie Ahanchian |
Christopher Young |
Gisele Belotto |
George Zaharatos |
Andy Doornaert |
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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