Issuance of new Russia-related Executive Order and related General License 16; Publication of new and amended Frequently Asked Questions

Release date
03/08/2022
Body

The President has signed a new Executive Order Prohibiting Certain Imports And New Investments With Respect To Continued Russian Federation Efforts To Undermine the Sovereignty And Territorial Integrity Of Ukraine.

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued Russia-related General License 16. In addition, OFAC has published new Frequently Asked Questions and updated several Frequently Asked Questions.