The U.S. Department of the Treasury’s Office of Foreign Assets Control released a document announcing publication of recent Russia-related general licenses.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today released a document announcing publication of the following Russia-related general licenses:
A license is an authorization from OFAC to engage in a transaction that otherwise would be prohibited. A general license authorizes a particular type of transaction for a class of persons without the need to apply for a license.