Treasury Releases New Updated Answers for Ukraine Sanctions FAQs
The Treasury Department published on May 7 updated answers to frequently asked questions on Ukraine sanctions compliance (here). The Obama administration has targeted Ukrainian officials and the Crimean region for sanctions, alongside sanctions against Russian officials and industry since early…
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2014 (see 1503120009). The updated answers to the FAQs, which Treasury’s Office of Foreign Assets Control released, touch on the timeframe for legal transactions in the wake of sanctions, debt prohibitions and remittances.