By Maya Lester KC & Michael O’Kane

OFAC issues Russia-related GLs for E.O. 14071

On 22 July 2022, OFAC issued 2 Russia-related General Licences (GLs) concerning Executive Order (E.O.) 14071 (Notice): GL 45, “Authorising Transactions Related to the Wind Down of Certain Financial Contracts Prohibited by Executive Order 14071”. This authorises until 20 October 2022 all transactions prohibited by section (1)(a)(i) of E.O. 14071 that are ordinarily incident and necessary to the wind down …

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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