OFAC Russia Related Sanctions Update: ‎‎November 29, 2022‎ ‎Relating to the Extension of GL 13 and the ‎Russian Oil Price Cap

On November 21, 2022, the U.S. Department of the Treasury’s Office of Foreign Assets ‎Control ‎‎‎(“OFAC”) reissued General License (“GL”) 13C related to the Russian Harmful Foreign Activities ‎‎Sanctions Regulations, 31 CFR Part 587 (the ‎‎‎“RuHSR”), which supersedes GL 13B. GL 13C extends the time for U.S. persons “to pay taxes, fees or import duties, …

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