OFAC Issues Two Determinations Prohibiting Dealings in Certain Metals of Russian Origin; Extends General License Allowing Payment of Taxes and Fees to Russian Government
By EsqSocial Corporation 26/04/24
On April 12, 2024, in coordination with the United Kingdom, the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued two new Determinations (collectively, the “Determinations”) that together prohibit imports into the U.S. of aluminum, copper, and nickel of Russian origin and ban the provision of certain services in connection with the acquisition of aluminum, copper, or nickel of Russian origin. OFAC also issued new and revised FAQs providing additional guidance...
By: Foley Hoag LLP