Thompson Hine: OFAC Further Expands Sanctions Against Belarus and Russia's Financial Sectors | Practical Law

Thompson Hine: OFAC Further Expands Sanctions Against Belarus and Russia's Financial Sectors | Practical Law

On February 24, 2022, the Department of Treasury's Office of Foreign Assets Control (OFAC) again expanded sanctions against Russia in response to its invasion of Ukraine by designating numerous Russian and Belarusian financial institutions to the Specially Designated Nationals and Blocked Persons (SDN) List, and Russian financial institutions to the Non-SDN Menu-Based Sanctions (MBS) List and the Correspondent Account or Payable-Through Account (CAPTA) Sanctions List, pursuant to Executive Orders 13662, 14024, and 14038.

Thompson Hine: OFAC Further Expands Sanctions Against Belarus and Russia's Financial Sectors

by Thompson Hine LLP
Published on 01 Mar 2022 • USA (National/Federal)
On February 24, 2022, the Department of Treasury's Office of Foreign Assets Control (OFAC) again expanded sanctions against Russia in response to its invasion of Ukraine by designating numerous Russian and Belarusian financial institutions to the Specially Designated Nationals and Blocked Persons (SDN) List, and Russian financial institutions to the Non-SDN Menu-Based Sanctions (MBS) List and the Correspondent Account or Payable-Through Account (CAPTA) Sanctions List, pursuant to Executive Orders 13662, 14024, and 14038.
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