October 18, 2022

OFAC issues Russia-related general license 28A

On October 17, 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 (RuHSR), 31 CFR part 587.  OFAC issued General License 28A to authorize, until January 18, 2023, all transactions that originate in or are destined for Afghanistan involving Public Joint Stock Transkapitalbank (TKB) or any entity in which TKB owns a 50 percent interest, that would otherwise prohibited by Executive Order 14024.  General License 28A replaces and supersedes GL 28, dated April 20, 2022, in its entirety.

General License 28A