Russia-related General License 98 - Authorizing the Wind Down of Transactions Involving Certain Entities Blocked on June 12, 2024 (June 12, 2024)

Date issued: Jun. 12 2024

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TURBOFAC Commentary (98 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.