OFAC FAQ (Removed) # 584- Ukraine-/Russia-related Sanctions

Date issued: Jul. 31 2018

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TURBOFAC Commentary (166 words)

Notes:

1) Ukraine GL 13, which as of 8/2019 is on version "L," pertains 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) For comments on purchases to cover short positions,...