OFAC Issues Two Determinations Prohibiting Dealings In Certain Metals Of Russian Origin; Extends General License Allowing Payment Of Taxes And Fees To Russian Government – Export Controls & Trade & Investment Sanctions
Key Takeaways: OFAC announced two new Determinations. One bans the import into the U.S. of aluminum, copper, and nickel originating in Russia, while the other outlaws the provision of certain services related to the acquisition of such metals. Additionally, OFAC issued General License (“GL”) 13I, which further extends the time period for…