US Sanctions March 3

Implementation of Sanctions Against Russia Under the Export Administration Regulations

"In response to the Russian Federation's (Russia's) further invasion of Ukraine, with this final rule, the Department of Commerce is adding new Russia license requirements and licensing policies to the Export Administration Regulations (EAR) to protect U.S. national security and foreign policy interests. These new Russia measures: impose new Commerce Control List (CCL)-based license requirements for Russia; add two new foreign 'direct product' rules (FDP rules) specific to Russia and Russian 'military end users;' specify a license review policy of denial applicable to all of the license requirements being added in this rule, with certain limited exceptions; significantly restrict the use of EAR license exceptions; expand the existing Russia 'military end use' and 'military end user' control scope to all items 'subject to the EAR' other than food and medicine designated EAR99, or ECCN 5A992.c and 5D992.c unless for Russian 'government end users' and Russian state-owned enterprises (SoEs); transfer forty-five Russian entities from the Military End-User (MEU) List to the Entity List with an expanded license requirement of all items subject to the EAR (including foreign-produced items subject to the Russia-MEU FDP rules); and add two new Russia entities and revise two Russia entities to the Entity List. Lastly, this rule imposes comprehensive export, reexport and transfer (incountry) restrictions for the so-called Donetsk People's Republic (DNR) and Luhansk People's Republics (LNR) regions of Ukraine ('Covered Regions of Ukraine') and makes conforming revisions to export, reexport transfer (in-country) restrictions for Crimea Region of Ukraine provisions."

87 FR 12226-51
Published 03-03-2022

Notice of March 2, 2022--Continuation of the National Emergency With Respect to Ukraine

[Presidential Documents]: "On March 6, 2014, by Executive Order 13660, the President declared a national emergency pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701-1706) to deal with the unusual and extraordinary threat to the national security and foreign policy of the United States constituted by the actions and policies of persons that undermine democratic processes and institutions in Ukraine; threaten its peace, security, stability, sovereignty, and territorial integrity; and contribute to the misappropriation of its assets."

87 FR 12387-88
Published 03-03-2022

Russian Harmful Foreign Activities Sanctions Regulations

"The Department of the Treasury's Office of Foreign Assets Control (OFAC) is adding regulations to implement an April 15, 2021 Russia-related Executive order. OFAC intends to supplement these regulations with a more comprehensive set of regulations, which may include additional interpretive guidance and definitions, general licenses, and other regulatory provisions."

87 FR 11297-04
Published 03-01-2022

Russian Harmful Foreign Activities Sanctions Regulations

Published 03-01-2022

Directive 4 - Prohibitions Related to Transactions Involving the Central Bank, the National Wealth Fund, and the Ministry of Finance of the Russian Federation

Published 02-28-2022

Russia-related General License 8A - Authorizing Transactions Related to Energy

Published 02-28-2022

Directive 2 - Prohibitions Related to Correspondent or Payable-Through Accounts and Processing of Transactions Involving Certain Foreign Financial Institutions

Published 02-24-2022

Directive 3 - Prohibitions Related to New Debt and Equity of Certain Russia-related Entities

Published 02-24-2022

Russia-related General License 7 - Authorizing Overflight Payments, Emergency Landings, and Air Ambulance Services

Published 02-24-2022

Russia-related General License 8 - Authorizing Transactions Related to Energy

Published 02-24-2022

Russia-related General License 9 - Authorizing Transactions Related to Dealings in Certain Debt or Equity

Published 02-24-2022

Russia-related General License 10 - Authorizing Certain Transactions Related to Derivative Contracts

Published 02-24-2022

Russia-related General License 11 - Authorizing the Wind Down of Transactions Involving Certain Blocked Persons

Published 02-24-2022

Russia-related General License 12 - Authorizing U.S. Persons to Reject Certain Transactions

Published 02-24-2022

Belarus General License 6 - Authorizing Official Business of the United States Government

Published 02-24-2022

Belarus General License 7 - Authorizing Official Business of Certain International Organizations and Entities

Published 02-24-2022