Regulatory Alerts2024-10-04 | 2024-22935Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 8H
The Department of the Treasury’s Office of Foreign Assets Control published General License 8H to authorize specific energy-related transactions involving designated Russian financial entities and the Central Bank of Russia. This authorization, valid until May 1, 2024, permits activities related to the extraction, production, and transport of petroleum and other energy products while explicitly excluding transactions prohibited by specific directives under Executive Order 14024. The license supersedes General License No. 8G and includes restrictions on correspondent accounts and debits to the Central Bank of Russia's accounts.
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