OFAC FAQ (Current) # 1126 - Russian Harmful Foreign Activities Sanctions

Date issued: Dec. 22 2023

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TURBOFAC Commentary (283 words)

[Note: FAQ amended on 12-22-23. Comments forthcoming on amended version]

Notes:

1) Read in conjunction with Determination Pursuant to Section 1(a)(i) of Executive Order 14024 (Effective May 19, 2023), a "sectoral determination" concerning the (i) architecture sector of the Russian Federation economy, (ii) engineering sector of the Russian Federation economy, (iii) construction sector of the Russian Federation economy, (iv) manufacturing sector of the Russian Federation economy, and (v) transportation sector of the Russian Federation economy. As noted in FAQ # 1127, the sectoral determination gives OFAC the authority to block persons determined to operate in the sectors at issue, but does not require it.

2) Determination Pursuant to Section 1(a)(i) of Executive Order 14024 (Effective May 19, 2023) was issued concurrently with Determination Pursuant to Section 1(a)(ii) of Executive Order 14071 (Effective June 18,...