On July 16, the Office of Foreign Assets Control (OFAC) of the U.S. Department of Treasury announced certain additions to the Sectoral Sanctions Identifications List pursuant to Executive Order 13662, which relates to the Ukraine/Crimea situation.
In brief summary, this action prohibits U.S. persons or anyone “within the United States” from transacting in, providing financing for, or otherwise dealing in the following:
The ban also extends to financings for these entities’ “property or interests in property.”
In addition, U.S. authorities have added a number of additional persons and entities in Russia to the Specially Designated Nationals List, which bans all dealings with such persons. Read more on the SDN list >>