OFAC FAQ (Current) # 1039 - Russian Harmful Foreign Activities Sanctions (PDF contans all versions)

Date issued: Jul. 14 2022

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TURBOFAC Commentary (133 words)

Notes:

1) Read in conjunction with Russia-related General License 6. This GL may be aimed at confirming, to the extent there was otherwise confusion, that Russia-related General License 6 applies transactions related to warehousing and storage (in the case of ANNINSKI ELEVATOR, OOO [1]). It is also possible that the FAQ is aimed at confirming that the purpose of the GL is not only to authorize the processing of otherwise prohibited payments by banks blocked pursuant to EO 14024. In this case, it is clear that that GL would authorize actual payments to SDNs (compare comments to FAQ # 990).

[1] See https://www.dnb.com/business-directory/company-profiles.anninski_elevator_ooo.68dfc5e9391ae3b95c04cf7bb21e5d02.html

2) FAQ amended on 7-15-22 to add the reference to FACT SHEET: Russia Sanctions and Agricultural Trade.