U.S. OFAC issues Russia-related general licenses, FAQs, and designations

General licenses, new and amended frequently asked questions

23 February 2024

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

Russia-related general licenses

General License 88 [PDF 100 KB]—“Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on February 23, 2024”
General License 88A [PDF 100 KB]—"Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on February 23, 2024”
General License 89 [PDF 100 KB]—“Authorizing the Wind Down and Rejection of Transactions Involving Certain Financial Institutions Blocked on February 23, 2024”
General License 90 [PDF 223 KB]—“Authorizing Certain Transactions Related to Debt or Equity of, or Derivative Contracts Involving, Certain Entities Blocked on April 8, 2024”
General License 91 [PDF 153 KB]—“Authorizing Limited Safety and Environmental Transactions Involving Certain Blocked Persons or Vessels”
General License 91A [PDF 154 KB]—“Authorizing Limited Safety and Environmental Transactions Involving Certain Blocked Persons or Vessels”
General License 92 [PDF 173 KB]—“Authorizing the Offloading of Cargo from Sovcomflot Vessels”
General License 93 [PDF 148 KB]—“Authorizing Transactions Involving Certain Sovcomflot Vessels”

Russia-related “frequently asked questions”

New FAQs (added February 23, 2024)
Amended FAQs

Russia-related designations

OFAC also made updates to its specially designated nationals (SDN) list and sectoral sanctions identifications (SSI) list.

Read today’s releases:

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 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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