Publication of Financial Services Sectoral Determination and Directives 1A, 2, 3, and 4 Under Executive Order 14024 of April 15, 2021
Rule published May 31, 2022 · 87 FR 32303
- Document number
- FR Doc. 2022-11608
- Type
- Rule
- Published
- May 31, 2022
- Citation
- 87 FR 32303 (pages 32,303–32,307)
- Action
- Publication of one determination and four directives.
- Effective
- February 22, 2022
- Dates
- The Determination Pursuant to Section 1(a)(i) of Executive Order 14024 was issued on February 22, 2022 and took effect immediately. Directive 1A under Executive Order (E.O.) 14024, "Prohibitions Related to Certain Sovereign Debt of the Russian Federation," was issued on February 22, 2022, and the prohibitions therein took effect on March 1, 2022. Directive 2 under E.O. 14024, "Prohibitions Related to Correspondent or Payable-Through Accounts and Processing of Transactions Involving Certain Foreign Financial Institutions," was issued on February 24, 2022, and the prohibitions therein took effect on March 26, 2022. Directive 3 under E.O. 14024, "Prohibitions Related to New Debt and Equity of Certain Russia-related Entities," was issued on February 24, 2022 and the prohibitions therein took effect on March 26, 2022. Directive 4, "Prohibitions Related to Transactions Involving the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, and the Ministry of Finance of the Russian Federation," was issued on February 28, 2022 and took effect immediately.
- Official sources
- PDF (govinfo.gov) · federalregister.gov
Summary
The Federal Register's summaryThe Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a sectoral determination by the Secretary of the Treasury, in consultation with the Secretary of State, and four Russian Harmful Foreign Activities Sanctions directives in the Federal Register. The determination and four directives, all issued pursuant to an April 15, 2021 Executive Order, were previously issued on OFAC's website.
Regulations cited
- 31 CFR part 587 (today: Russian Harmful Foreign Activities Sanctions Regulations) · Other documents citing it · eCFR as of May 31, 2022
OFAC has reused some part numbers, so today's heading can name a different regulation from the one this document concerned.
Text
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