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Venezuela-related licenses; Ukraine/Russia-related designations

March 12, 2020

OFAC has posted a Sanctions Announcement that is has issued three amended Venezuela-related General Licenses

  • General License 15C, "Authorizing Transactions Involving Certain Banks for Certain Entities"
  • General License 16C, "Authorizing Maintenance of U.S. Person Accounts and Noncommercial, Personal Remittances involving Certain Banks"
  • General License 36A, "Authorizing Certain Activities Necessary to the Wind Down of Transactions Involving Rosneft Trading S.A. or TNK Trading International S.A."

In conjunction with General License 36A, OFAC also published two amended Venezuela-related Frequently Asked Questions - FAQ 817, and FAQ 818​.

In addition, OFAC added an entity to its SDN and Sectoral Sanctions lists.

The following entity has been added to OFAC's SDN List:

TNK TRADING INTERNATIONAL S.A., place du Lac 2, Geneve 1204, Switzerland; Executive Order 13662 Directive Determination - Subject to Directive 2; alt. Executive Order 13662 Directive Determination - Subject to Directive 4; V.A.T. Number CHE-267.936.404 (Switzerland); Business Registration Number CH-660.0.559.011-2 (Switzerland); For more information on directives, please visit the following link: http://www.treasury.gov/resource-center/sanctions/Programs/Pages/ukraine.... [UKRAINE-EO13662] [VENEZUELA-EO13850] (Linked To: OPEN JOINT-STOCK COMPANY ROSNEFT OIL COMPANY).

The following entity has been added to OFAC's Sectoral Sanctions Identifications List:

TNK TRADING INTERNATIONAL S.A., place du Lac 2, Geneve 1204, Switzerland; Executive Order 13662 Directive Determination - Subject to Directive 2; alt. Executive Order 13662 Directive Determination - Subject to Directive 4; V.A.T. Number CHE-267.936.404 (Switzerland); Business Registration Number CH-660.0.559.011-2 (Switzerland); For more information on directives, please visit the following link: http://www.treasury.gov/resource-center/sanctions/Programs/Pages/ukraine.... [UKRAINE-EO13662] [VENEZUELA-EO13850] (Linked To: OPEN JOINT-STOCK COMPANY ROSNEFT OIL COMPANY). ​

First published on 03/12/2020

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