OFAC Issues New Sanctions on Russian Central Bank, Finance Ministry and National Wealth Fund | Practical Law
In response to the 2022 Ukraine crisis, the Office of Foreign Assets Control (OFAC) issued new Directive 4 under Executive Order 14024, “Prohibitions Related to Transactions Involving the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, and the Ministry of Finance of the Russian Federation” (Russia-related Sovereign Transactions Directive).