On April 19, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control issued General License 94 under the Russian Harmful Foreign Activities Sanctions Regulation (“RuHSR”), 30 CFR part 587, and under Ukraine-/Russia-Related Sanctions Regulations (“URSR”), 31 CFR part 589, to authorize transactions involving OWH SE i.L., formerly known as VTB Bank Europe SE. The general license was issued following the removal of VTB Bank Europe SE from OFAC’s Specially Designated Nationals List (“SDN List”) on April 2, 2024. The authorizations in GL 94 extend to entities in which OWH SE i.L. owns a 50 percent or greater interest.
April 23, 2024