New OFAC Licenses Authorizes Transactions Related to US-Russia Summit
The Office of Foreign Assets Control issued a new general license this week to authorize certain transactions related to the Trump administration's planned meeting with Russian officials this week in Alaska. General License 125 authorizes transactions that are "ordinarily incident and necessary to the attendance at or support of meetings" between the two countries. Those transactions are authorized through 12:01 a.m. ET on Aug. 20.
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President Donald Trump and Russian President Vladimir Putin are scheduled to meet in Anchorage Aug. 15 to discuss the Russian-Ukraine war. U.S. officials said the administration could either increase or remove sanctions against Russia, depending on how the talks go (see 2508110017 and 2508130039).