Authorizes certain transactions with the Russian Central Bank, National Wealth Fund and the Russian Ministry of Finance

On 10 August 2023, the Department of the Treasury, Office of Foreign Assets Control, issued the General License no. 13F, which authorizes certain transactions with the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, and the Ministry of Finance of the Russian Federation, otherwise prohibited by Directive 4 under Executive Order 14024. United States' persons and entities may pay taxes, fees, or import duties, and purchase or receive permits, licenses, registrations, or certifications, provided that "such transactions are ordinarily incident and necessary to the day-to-day operations in the Russian Federation" and the general authorization is valid until 8 November 2023.

• Type:

  • Treatment and operation (Capital transfer and FOREX)

• Industry:

  • Not industry specific

• Sources:

  • Office of Foreign Assets Control, GENERAL LICENSE NO. 13F Authorizing Certain Administrative Transactions Prohibited by Directive 4 under Executive Order 14024, https://ofac.treasury.gov/media/932081/download?inline, 10 Aug 2023
  • JD Supra, Issuance of Russia-Related General ‎License and Russia-Related FAQ Regarding Letterone ‎Holdings ‎S.A.‎, https://www.jdsupra.com/legalnews/issuance-of-russia-related-general-2676217/?origin=CEG&utm_source=CEG&utm_medium=email&utm_campaign=CustomEmailDigest&utm_term=jds-article&utm_content=article-link, 23 Aug 2023