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677. How does OFAC’s CBW Act Directive impose costs on the Government of the Russian Federation?


The CBW Act Directive imposes long-term costs on Russia for its brazen use of chemical weapons and its failure to meet the conditions described in the CBW Act, including the failure to provide reliable assurances that Russia would not engage in future chemical weapons attacks. The Government of the Russian Federation cannot leverage U.S. banks for future non-ruble denominated sovereign bond offerings or benefit from non-ruble denominated loans provided by U.S. banks.

Date Released
August 3, 2019