Pursuant to Executive Order (E.O.) 14024 , as amended by E.O. 14114, foreign financial institutions (FFIs) may be sanctioned for having conducted or facilitated any significant transaction or transactions with persons designated for operating or having operated in certain identified sectors of the Russian Federation economy, including the technology, defense and related materiel, construction, aerospace, or manufacturing sectors, or additional sectors that may be determined to be part of the military-industrial base. OFAC and the Department of State (State) identify the basis for designation of SDNs in multiple sources, including on the agencies’ respective websites and in the Federal Register Notices. Federal Register Notices can be found here. OFAC’s and State’s published press releases may also be a useful source of information in this regard. In addition, OFAC anticipates updating the List of Specially Designated Nationals and Blocked Persons (SDN List) to add additional information to reflect the sector in which an SDN was designated for operating.