OFAC FAQ (Current) # 1165 - Russian Harmful Foreign Activities Sanctions

Date issued: Feb. 23 2024

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TURBOFAC Commentary (65 words)

Notes:

1) See Determination pursuant to Section 1(a)(i)(B) of Executive Order 14068 (Effective March 1, 2024) - Prohibitions Related to Imports of Certain Categories of Diamonds, and comments thereto. The FAQ does not provide much in the way of interpretive guidance, except perhaps to imply that a diamond being “cut, faceted, or polished in a third country” would qualify as a {substantial transformation).