On April 12, 2022, the Department of the Treasury’s Office of Foreign Assets Control issued a new general license pursuant to Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587. OFAC issued General License 26 to temporarily authorize wind down transactions involving two Sberbank subsidiaries, Joint Stock Company SB Sberbank Kazakhstan or Sberbank Europe AG or any entity in which they own a 50 percent or greater interest. GL 26 allows transactions that are otherwise prohibited by Executive Order 14024 until July 12, 2022.
April 13, 2022
OFAC issues new Russia-related general license addressing Sberbark subsidiaries
Related by Topic
New Post
OFAC designates individuals and entities in Mexico involved in cartel-related timeshare fraud
July 18, 2024
News Alert
New Post
U.S. designates research company for supporting chemical weapons research and development in Iran
July 17, 2024
News Alert