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OFFICE OF FOREIGN ASSETS CONTROL
DIRECTIVE 1 UNDER EXECUTIVE ORDER OF APRIL 15, 2021
BLOCKING PROPERTY WITH RESPECT TO SPECIFIED HARMFUL FOREIGN ACTIVITIES OF THE GOVERNMENT OF THE RUSSIAN FEDERATION
Pursuant to sections 1(a)(iv), 1(d), and 8 of Executive Order of April 15, 2021, “Blocking Property with Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation” (the “Order”), the Acting Director of the Office of Foreign Assets Control has determined, in consultation with the Department of State, that the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, and the Ministry of Finance of the Russian Federation are political subdivisions, agencies, or instrumentalities of the Government of the Russian Federation, and that the following activities by a U.S. financial institution are prohibited as of June 14, 2021, except to the extent provided by law or unless...
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1) On 2-22-2022, OFAC Issued Directive 1A Under Executive Order 14024, which amends this Directive. Refer to Consolidated Comment on the Russia-related Lending Directives for commentary on Russia-related Directive (the "CBW Act Directive"), Directive 1A Under Executive Order 14024, and the relationship between the two directives.