OFAC Targets Russia's Military-Industrial Base and Third-Country Supporters, and Issues Related General Licenses | Locke Lord LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
On May 5, 2023, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) published General Licenses (“GL”) 8G related to the Russian Harmful Foreign Activities.
On Friday, February 24, 2023, the United States (U.S.) announced a new wave of sanctions and export controls restrictions against Russia aimed at (1) holding individuals and entities accountable.
On February 24, 2023, the one-year anniversary of the Russian invasion of Ukraine, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced significant actions.
On year since Russian invasion of Ukraine, President Biden, Office of Foreign Assets Control OFAC, Department of State, Department of Commerce, Bureau of Industry and Security BIS have imposed new sanctions, export controls, tariffs, duties relating to Russia, Belarus, Iran