Frequently Asked Questions

894. What does Russia-related General License (GL) 1B authorize?

894 … Russia-related GL 1B authorizes U.S. persons to engage in certain transactions and activities involving the Federal State Budgetary Institution Marine Rescue Service (MRS) that are otherwise prohibited by Executive Order (E.O.) 14039 of August 20, 2021, "Blocking Property with Respect to… Read more

1203. What does General License (GL) 115 ("Authorizing Transactions Involving Gazprombank Related to Civil Nuclear Energy") authorize with respect to civil nuclear energy-related payments?

1203 … GL 115 generally authorizes all transactions involving Gazprombank Joint Stock Company ("Gazprombank"), or any entity in which Gazprombank owns, directly or indirectly, a 50 percent or greater interest, related to civil nuclear energy. Civil nuclear energy means the following activities when… Read more

1126. Under Executive Order (E.O.) 14024, “Blocking Property With Respect To Specified Harmful Foreign Activities of the Government of the Russian Federation,” any person determined to operate or have operated in certain sectors of the Russian Federation economy may be blocked. How is OFAC defining those sectors?

1126 … Section 1(a)(i) of E.O. 14024 imposes sanctions with respect to any person determined by the Secretary of the Treasury, in consultation with the Secretary of State, to operate or have operated in the technology sector or the defense and related materiel sector of the Russian Federation… Read more

Frequently Asked Questions

Office of Terrorism and Financial Intelligence