License No. RUSSIA-EO14024-2022-983909-1; License No. RUSSIA-EO14024-2022-983909-2

Date issued: Oct. 19 2022

Last substantive commentary amendment:
Jan. 16 2024

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TURBOFAC Commentary (780 words)

Notes:

* [1-24-22 Update. See amended FAQ # 1055, and query whether the securities to which OCC refers are still securities subject to the EO 14071 new investment prohibition]

** [2-8-23 Update. Specific license extended through February 28, 2023 by License No. RUSSIA-EO14024-2022-983909-2 (p. 11 PDF)]

*** [1-16-23 Update. Read in conjunction with License No. RUSSIA-EO14024-2022-983909-4, which clarifies some of the issues discussed below. The comment below has not been amended in light of the addition of License No. RUSSIA-EO14024-2022-983909-4 to the Research System.

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1) This is a highly unusual license with the apparent effect of extending—through January 31, 2023 and in specific license format—the validity of Russia-related GL 45. Note that Russia-related GL 45 expired at 12:01 a.m. eastern daylight time, October 20, 2022,...