We anticipate that OFAC may publish new and/or further clarifying guidance in the future. Below we summarize key takeaways from the Guidance. Treasury’s Office of Foreign Assets Control (OFAC) issued long-awaited guidance (Guidance) in the form of Frequently Asked Questions clarifying the “new investment” ban under Executive Orders 14066, 14068, and 14071 (Investment Ban EOs), issued on March 8, 2022, March 11, 2022, and April 6, 2022, respectively. OFAC Guidance on the Ban on New Investment in Russia blocking sanctions against prominent Russian companies and individuals, including key players in the military sector, as well as against a number of yachts and aircraft.a prohibition on the provision of many professional services to Russia and.
further restrictions on exports to Russia and Belarus.new guidance that interprets broadly the U.S.The latest restrictions are designed to further isolate Russia’s economy. allies, including the United Kingdom and European Union. 1Īs with previous rounds of sanctions, these measures have been coordinated with U.S. Even though significant sanctions and export controls have already been put in place, the United States recently adopted additional measures targeting key elements of the Russian economy and military industry in response to the continuing war in Ukraine.
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