Determination Pursuant to Section 1(a)(ii) of Executive Order 14071 (Effective September 15, 2022)

Date issued: Sep. 15 2022

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TURBOFAC Commentary (178 words)

Notes:

1) This "determination" and the FAQs published concurrently therewith largely mimics OFAC's Determination Pursuant to Section 1(a)(ii) of Executive Order 14071 (Effective May 8, 2022) ("accounting, trust and corporate formation, and management consulting" services). See General Note on E.O. 14071-Based Prohibitions on the Exportation of Certain Services to Persons Located in Russia (System Ed. Note) for comments on the Determination and related FAQs and guidance.

2) As with the May 8 determination, there is the service prohibition issued pursuant to 14071, along with a parallel designation authority (Determination Pursuant to Section 1(a)(ii) of Executive Order 14071 (Effective September 15, 2022)).

3) The FAQs interpreting this prohibition are, as of 9/18/22, as follows: FAQ # 1059, FAQ # 1061, FAQ # 1062, FAQ # 1083, and FAQ # 1084....