OFAC FAQ (Current) # 592- Ukraine-/Russia-related Sanctions (PDF contains all versions)

Date issued: Apr. 25 2022

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TURBOFAC Commentary (702 words)

Notes:

1) FAQ amended on 7-22-2020 to reflect the expiry of GLs 14 and 12, and to account for the expansion of the Gaz Group-related activities authorized by GL 15. This FAQ previously stated that U.S. persons could "receive regularly scheduled payments of principal and interest from a blocked person listed in [the GL] so long as the loan or bond was in existence prior to April 6, 2018, and the payments are in accordance with the terms of the preexisting loan or bond contract."

See generally Examples of Transactions Deemed to be, and not to be, Within the Scope of the Standard "Wind-down" and "Maintenance" GLs and General Note on GLs and Other Types of Authorizations as Applied to Dealings in or Related to Securities of Sanctioned Issuers.

2) FAQ amended on 4-25-2022 to account for...