February 22, 2022
On February 22, 2022, OFAC designated to the SDN list various entities in the Russian financial sector pursuant to Executive Order 14024 (“E.O. 14024”). According to the Press Release issued by OFAC, these designations follow a determination “that section 1(a)(i) of E.O. 14024 applies to the financial services sector of the Russian Federation economy, and that persons determined to operate or have operated in this identified sector can be subject to sanctions.”
To read the full Client Alert, click HERE.