Treasury Greenlights Some Russia Biz Amid Sanctions Tango
Published Date: 7/23/2025
Rule
Summary
The Treasury’s OFAC just made General License 13N official, letting certain folks do specific business with Russia without breaking the rules. This update affects companies and people dealing with Russian entities under sanctions, giving clear permission to keep some activities going. It’s all about keeping things legal and smooth, with no surprise fines if you follow the new guidelines.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
OFAC Publishes General License 13N
The Treasury Department's Office of Foreign Assets Control (OFAC) published General License 13N under the Russian Harmful Foreign Activities Sanctions Regulations. The license, previously posted on OFAC's website, provides official authorization for certain people and companies to engage in specified transactions with Russian-related parties without violating those sanctions.
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