Russia-related General License 110 - Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on October 30, 2024 (October 30, 2024)

Date issued: Oct. 30 2024

TURBOFAC Commentary (125 words)

Notes:

1) This is a standard wind-down general license covering multiple blocked entities, authorizing the processing of underlying transactions even where those underlying transactions do not involve U.S. persons (see e.g., FAQ 807), but not including authorizations for the "maintenance" of activities. Compare Russia-related GL 88.

2) Refer to the Research System for documents dealing with the scope of the types of transactions that qualify for "wind down" GLs such as this. See in particular Examples of Transactions Deemed to be, and not to be, Within the Scope of the Standard "Wind-down" and "Maintenance" GLs.

3) Russia-related General License 110 (general wind down) and Russia-related General License 111 (securities) were issued concurrently and apply to most of the same entities.