OFAC FAQ (Current) # 1116 - Russian Harmful Foreign Activities Sanctions

Date issued: Feb. 24 2023

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TURBOFAC Commentary (78 words)

Notes:

1) See Determination Pursuant to Section 1(a)(i) of Executive Order 14024 (Effective February 24, 2023) and read in conjunction with related FAQ # 1114, FAQ # 1115, FAQ # 1116 and FAQ # 1117.

This FAQ is aimed at clarifying, as OFAC typically does, that sectoral determinations are not self-executing as they related to entities operating in a given sector, i.e. sanctions apply only upon the making of an affirmative determination with respect to any given entity.