The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 04 Sep 2024 (OFAC):
The U.S. Department of the Treasury’s Office of Foreign Assets Control ("OFAC") designated ten individuals and two entities pursuant to Executive Order ("E.O.") 14024. These designations are part of a coordinated U.S. government response to Russia's malign influence efforts targeting the 2024 U.S. presidential election.
Concurrently, OFAC published an alert (the "Alert") to warn foreign jurisdictions and financial institutions about Russia's attempts to evade sanctions by opening new overseas branches and subsidiaries of Russian financial institutions.
OFAC also issued General License ("GL") 25E, which adds certain additional entities with which certain transactions related to telecommunications and internet-based communications are not authorized under the GL.
Lastly, OFAC amended FAQ 1040 to reflect the changes in GL 25E.
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