U.S. OFAC issues Russia-related general license and FAQ
Treasury's Office of Foreign Assets Control (OFAC) issued Russia-related guidance
The Department of the Treasury's Office of Foreign Assets Control (OFAC) today issued a release announcing the following Russia-related guidance:
- General License 116, "Authorizing Transactions Involving Entities Owned by Bidzina Ivanishvili"
- FAQ 1204 (new): Can I continue to engage in transactions or other dealings with entities owned by Ivanishvili that are not listed on OFAC's Specially Designation Nationals and Blocked Person List (SDN List) without facing sanctions risk?