OFAC FAQ (Removed) # 895 - PEESA

Date issued: May. 21 2021

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TURBOFAC Commentary (599 words)

Notes:

* Update -- This FAQ was removed from OFAC's website concurrent with, or shortly after, the issuance of EO 14039 (and related the transfer of the [PEESA]-tagged persons that were previously on the NS-MBS to the SDN list with the [PEESA-EO] program tag). This FAQ describes the state of play as it existed prior to 8/20/2021 and the issuance of EO 14039. The notes below have not been amended in light of the issuance of EO 14039.

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1) For relevant background, see Secondary Sanctions Enforcement Announcement - Nord Stream 2 and European Energy Security. On 5-21-21, OFAC announced the designations, pursuant to PEESA, of four entities and thirteen vessels. Three of the entities and eleven related vessels were added to OFAC's...