Regulatory Alerts2024-11-14 | 2024-26229Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 8K, 25G, 110, 111, and 112
The Department of the Treasury’s Office of Foreign Assets Control published five general licenses under the Russian Harmful Foreign Activities Sanctions Regulations to authorize specific transactions otherwise prohibited by Executive Order 14024. General License 8K authorizes energy-related transactions with designated Russian financial institutions until April 30, 2025, while General License 25G permits telecommunications and internet-based communications services to Russia. General Licenses 110, 111, and 112 authorize the wind down of transactions, divestment of debt or equity, and civil aviation safety measures involving entities blocked on October 30, 2024, all expiring on December 14, 2024.
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