Russia-related General License 14 - Authorizing Certain Clearing and Settlement Transactions Prohibited by Directive 4 under Executive Order 14024 (March 2, 2022) 

Date issued: Mar. 02 2022

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TURBOFAC Commentary (49 words)

Notes:

1) This GL is unique to the Russian Harmful Foreign Activities Sanctions Regulations program. It is evidently designed to allow U.S. persons to deal with non-sanctioned Russian banks where the CBR plays some ancillary, non-counterparty role in the transactions in a settlement or clearing capacity.