OFAC Issues New Russia-Related GL
The Office of Foreign Assets Control last week issued a new general license to authorize certain transactions related to “civil maritime services” with people or companies in the so-called Donetsk People’s Republic or Luhansk People’s Republic regions of Ukraine. General…
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License No. 24 only authorizes the transactions if the services are performed outside the covered regions and aren’t performed “on behalf of any entity located in, or organized under the laws of,” the covered regions.