The Office of Foreign Assets Control recently published ten general licenses issued in the Russia and Venezuela sanctions programs that were previously made available on OFAC’s website. Some of these GLs have already expired or have been superseded, but the following remain in effect.
Russia
- GL 6B (no expiration date) – authorizing transactions related to agricultural commodities, medicine, medical devices, replacement parts and components, or software updates, the COVID-19 pandemic, or clinical trials
- GL 25C (no expiration date) – authorizing transactions related to telecommunications and certain internet-based communications
- GL 30A (expires Dec. 16, 2022) – authorizing transactions involving SEFE Securing Energy for Europe GmbH prohibited by Directive 3 under Executive Order 14024
- GL 44 (no expiration date) – authorizing the export or reexport of certain accounting services to U.S. individuals located in Russia
Venezuela
- GL 40A (expires July 12, 2023) – authorizing certain transactions involving the exportation or reexportation of liquefied petroleum gas to Venezuela
- GL 8J (expires Dec. 1, 2022) – authorizing transactions involving Petróleos de Venezuela S.A. (PdVSA) necessary for the limited maintenance of essential operations in Venezuela or the wind down of operations in Venezuela for certain entities
For more information on sanctions against Russia, Venezuela, or other countries and ways to ensure compliance, please contact attorney Kristine Pirnia via email.
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