U.S. further sanctions against Russia, issuance of general licenses and updated SDN and SSI lists

Tighten and enforce existing sanctions

Issuance of general licenses and updated SDN and SSI lists

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today issued the following Russia-related general licenses.

  • General License 25B [PDF 161 KB]—Authorizing transactions related to telecommunications and certain internet-based communications
  • General License 36 [PDF 104 KB]—Authorizing the wind down of transactions involving public joint stock company Severstal
  • General License 37 [PDF 103 KB]— Authorizing the wind down of transactions involving Nord Gold PLC
  • General License 38 [PDF 104 KB]—Authorizing transactions related to pension payments to U.S. persons

In addition, OFAC has updated the specially designated nationals (SDN) list and the sectoral sanctions identifications (SSI) list. Read the OFAC release

Read a related Treasury release
 

For more information on sanctions and other responses to Russia’s war on Ukraine, visit KPMG’s dedicated website.

Contact a professional with KPMG’s Trade & Customs services:

Doug Zuvich
Partner and Global Practice Leader
E: dzuvich@kpmg.com

John L. McLoughlin
Principal and East Coast Leader
E: jlmcloughlin@kpmg.com

Andy Siciliano
Partner and National Practice Leader
E: asiciliano@kpmg.com

Steve Brotherton
Principal and Global Export and Sanctions Leader
E: sbrotherton@kpmg.com

Luis (Lou) Abad
Principal, Washington National Tax
E: labad@kpmg.com

Irina Vaysfeld
Principal
E: ivaysfeld@kpmg.com

Amie Ahanchian
Principal
E: aahanchian@kpmg.com

Christopher Young
Principal
E: christopheryoung@kpmg.com

Gisele Belotto
Principal
E: gbelotto@kpmg.com

George Zaharatos
Principal
E: gzaharatos@kpmg.com

Andy Doornaert
Managing Director
E: adoornaert@kpmg.com

Jessica Libby
Principal
E: jlibby@kpmg.com

 

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