A General License issued on March 2, 2022 by the Office of Foreign Assets Control ("OFAC") of the U.S. Department of the Treasury authorizes "U.S. persons . . . to pay taxes, fees, or.
While multi-national sanctions recently imposed on Russia were intended to punish Russia for its aggression in Ukraine, the effects of the sanctions have led to a need for tough decisions for U.S. entities with patent interests in Russia.