Russia-related General License 53A - Authorizing Transactions for Diplomatic Missions of the Russian Federation Involving Gazprombank Joint Stock Company or Prohibited by Directive 4 under Executive Order 14024 (November 21, 2024)

Date issued: Nov. 21 2024

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TURBOFAC Commentary (275 words)

Notes:

1) This GL supplements the broader Russia-related General License 20 (Authorizing Third-Country Diplomatic and Consular Funds Transfers ). Unlike GL 20, which applies to third-country diplomatic or consular missions located in the Russian Federation, this GL applies to "diplomatic or consular missions of the Government of the Russian Federation" (wherever located).

2) Read in conjunction with FAQ # 1096, issued concurrently. The FAQ clarifies that the GL covers "transactions related to Russian missions located in or outside the United States. For example, GL 53 authorizes the payment of salaries to employees of Russian missions that may otherwise be prohibited by Directive 4, such as a payment originated by the Ministry of Finance of the Russian Federation from a non-blocked Russian bank."

3) On 11-21-24, OFAC blocked JSC Gazprombank, a...