OFAC FAQ (Current) # 570 - Ukraine-/Russia-related Sanctions (PDF contans all versions)

Date issued: Apr. 25 2022

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TURBOFAC Commentary (280 words)

Notes:

1) Ukraine GL 13, which as of 8/2019 was on version "L," pertained to certain companies that were blocked for being owned/controlled by SDN Oleg Deripaska, but were not part of the agreement with OFAC that resulted in the de-listing [1] of other companies owned/controlled by that SDN (see https://home.treasury.gov/news/press-releases/sm592). References to the companies that were removed from the SDN list were removed from the version of the GL that succeeded the de-listing, because all property in which such entities had an interest were unblocked as a result of the de-listing.

[1] See also OFAC Notification to Congress of its Intention to Terminate the Sanctions Imposed on En+ Group plc, UC Rusal plc, and JSC EuroSibEnergo.

2) FAQ clarifies that depositary receipts referencing debt or...