OFAC FAQ (Current) # 1008 - Ukraine-/Russia-related Sanctions

Date issued: Mar. 02 2022

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TURBOFAC Commentary (78 words)

Notes:

1) Refer to Ukraine General License Number 17. The FAQ does not appear to breach much new ground on the scope of an otherwise standard "wind down" GL, but note the clarification concerning "divestments". Divesting to a U.S. person is presumably not authorized because that would be facilitating the U.S. person's otherwise prohibited "new investment" in the embargoed areas. Compare 586.409 Approval or other facilitation of other persons' investment in the territory of the Republic of Serbia.