What are SSI sanctions?
OFAC publishes a list of Sectoral Sanctions Identifications (SSI), which lists persons, companies, and entities in sectors of the Russian economy (especially energy, finance, and armaments), prohibiting certain types of activity with these individuals or entities by United States persons, wherever located.
Can US companies sell to Russia?
While U.S. companies and individuals can lawfully engage in a broad range of business activities involving Russia that are not subject to sanction, penalties for violating U.S. sanctions can be severe. The United States also tightly controls exports to Russia’s energy and defense sectors.
Is Crimea part of Russia in 2021?
The status of Crimea is disputed. It is claimed by Ukraine and in 2014 recognized as Ukrainian by the United Nations and most other countries, but it is governed by Russia.
What is SDN Specially Designated National?
The Specially Designated Nationals and Blocked Persons List, also known as the SDN List, is a United States government sanctions/embargo measure targeting U.S.-designated terrorists, officials and beneficiaries of certain authoritarian regimes, and international criminals (e.g., drug traffickers).
What does SDN mean in real estate?
You’ve decided to sell your house. Congrats! This is an exciting time for you but there’s some work to be done. One of the first things you’ll need to do is fill out a Seller’s Disclosure Notice (SDN). Let’s dive into what a Seller’s Disclosure is and why you need to complete it.
What is the OFAC Directive 1 on Russia?
OFAC Directive 1, issued under Executive Order 13662, is part of the Russia/Ukraine Sectoral Sanctions framework. Directive 1 prohibits dealings by U.S. persons in “new” financing, debt, and equity meeting the criteria described further in this publication.
What is the Ukrainian general license number 1B?
Ukraine General License Number 1B – Authorizing Certain Transactions Related to Derivatives Prohibited by Directives 1, 2, and 3 Under Executive Order 13662 (issued November 28, 2017)
Are there Special Designated Nationals for Russia Directive 1?
OFAC has indicated that SSIL entities subject to Directive 1 will not be designated as Specially Designated Nationals. [iv] However, given the fluidity of Ukraine/Russia-related events and sanctions measures in response, parties should not assume that OFAC’s current position cannot change or that Sectoral Sanctions measures will not be intensified.
What does Directive 1 prohibit US persons from doing?
Directive 1 prohibits US persons from transacting in, providing financing for, or otherwise dealing in debt of specified tenors – or equity – if that debt or equity was issued on or after the relevant sanctions effective date by, on behalf of, or for the benefit of entities designated under Directive 1.