U.S. OFAC issues Russia-related general licenses and FAQs
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 1B, “Authorizing Certain Activities Involving Federal State Budgetary Institution Marine Rescue Service”
- FAQ 894 (amended): What does Russia-related General License (GL) 1B authorize?
- General License 115, “Authorizing Transactions Involving Gazprombank Related to Civil Nuclear Energy”
- FAQ 1203 (new): What does General License (GL) 115 ("Authorizing Transactions Involving Gazprombank Related to Civil Nuclear Energy") authorize with respect to civil nuclear energy-related payments?