Russia-related General Licenses and FAQs; designation update

OFAC has posted a Notice of Recent Actions to announce two new Russiam Harmful Foreigh Activities Sanction Regulations (RuHSR) General Licenses and related new and updated FAQs. OFAC also updated a Russia-related designation.

New General Licenses:

• 45—Authorizing Transactions Related to the Wind Down of Certain Financial Contracts Prohibited by Executive Order 14071
• 46—Authorizing Transactions in Support of an Auction Process to Settle Certain Credit Derivative Transactions Prohibited by Executive Order 14071

RuHSR FAQs:

• 1071 (New)—Can I wind down financial contracts that may involve transactions prohibited pursuant to section (1)(a)(i) of Executive Order (E.O.) 14071 related to the purchase or receipt of debt or equity securities issued by an entity in the Russian Federation?
• 1072 (New)—What does Russia-related General License (GL) 46 authorize with respect to credit derivative transactions referencing “the Russian Federation"?
• 1053 (Revised)—Under the new investment prohibitions of Russia-related Executive Order (E.O.) 14066, E.O. 14068, or E.O. 14071 (collectively, “the respective E.O.s”), are transactions related to divestment in a project or operation in the Russian Federation permissible?
• 1054 (Revised)—Do the new investment prohibitions of Executive Order (E.O.) 14066, E.O. 14068, or E.O. 14071 (collectively, “the respective E.O.s”) prohibit U.S. persons from purchasing debt or equity securities issued by an entity in the Russian Federation?

The following changes have been made to OFAC's SDN List:

JOINT STOCK COMPANY NORTH WESTERN REGIONAL CENTER OF ALMAZ ANTEY CONCERN OBUKHOVSKY PLANT (a.k.a. JOINT STOCK COMPANY NORTHWEST REGIONAL CENTER CONCERN PROVINCE OF EAST KAZAKHSTAN ALMAZ-ANTEY OBUKHOVSKY FACTORY; a.k.a. JOINT STOCK COMPANY OBUKHOVSKY FACTORY; a.k.a. JSC GOZ OBUKHOV PLANT; a.k.a. JSC OBUKHOVSKIY PLANT NORTHWEST REGIONAL CENTER OF ALMAZ ANTEY CORPORATION; a.k.a. JSC SOP OBUCHOVSKY PLANT), Obukhovskoy Defense Ave., 120, Saint Petersburg 190012, Russia; Organization Established Date 17 Nov 2003; Tax ID No. 7811144648 (Russia); Registration Number 1037825058732 (Russia) [RUSSIA-EO14024].
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JOINT STOCK COMPANY NORTH WESTERN REGIONAL CENTER OF ALMAZ ANTEY CONCERN OBUKHOVSKY PLANT (a.k.a. JOINT STOCK COMPANY OBUKHOVSKY FACTORY; a.k.a. JSC GOZ OBUKHOV PLANT; a.k.a. JSC OBUKHOVSKIY PLANT NORTHWEST REGIONAL CENTER OF ALMAZ ANTEY CORPORATION; a.k.a. JSC SOP OBUCHOVSKY PLANT), Obukhovskoy Defense Ave., 120, Saint Petersburg 190012, Russia; Organization Established Date 17 Nov 2003; Tax ID No. 7811144648 (Russia); Registration Number 1037825058732 (Russia) [RUSSIA-EO14024].