LICENSE No. MUL-2022-885234-4

Date issued: Jul. 30 2024

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TURBOFAC Commentary (277 words)

Notes:

1) On April 6, 2018, OFAC issued a notice of blocking to the Delaware corporation “Hestia International LLC” (ENF 51231 (4) (Notable Notification of Third Party Blocking)), in which OFAC says that “according to recent public news reporting, [2501 30th ST NW, Washington, DC 20008] may be directly or indirectly owned by [SDN] Deripaska. To the extent Deripaska directly or indirectly owns this real property and/or its listed owner, Hestia International LLC, both may be blocked.” OFAC went on to say that “OFAC will consider requests for specific licenses to ameliorate the effects of this blocking action”.

2) This license appears to be just that, as OFAC authorizes “to the extent authorization is required,” Hestia International LLC, certain other (alleged) Deripaska-linked entities and all unnamed “U.S. person counterparties” to “engage in all transactions necessary to manage and maintain” real property...