Russia-related Designations; Ukraine-related Designation Update; Russia-related Designations Removals; Issuance of Russia-related General Licenses

The Office of Foreign Assets Control (OFAC) has published a press statement to inform about new sanction measures. Specifically, the Office added numerous individuals, firms, and vessels to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to Executive Order 14024 which was signed by President Joseph Biden in 2021 and subsequently amended to install sanction measures for engagements in or being responsible for „harmful foreign activities of Russia“. The parties were designated for being engaged in activities facilitating sanction evasion and / or facilitating the import or production of military or dual-use goods in the Russian Federation. Due to the large number of sanctioned ships, persons, and entities, we refrain from listing their names and relating information individually at this point. Please refer to the enclosed document for detailed identifying information.
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Furthermore, OFAC has removed four persons from its Russia-related sanctions list which are no longer subject to asset freezing measures. The affected individuals are the following:
GOLIKOV, Andrey Fedorovich (Cyrillic: ГОЛИКОВ, Андрей Фёдорович) (a.k.a. GOLIKOV, Andrei Fedorovich), B Hariton Evskiy Pereulok 16-18-25, Moscow 107078, Russia; DOB 14 Mar 1969; POB Volzhskiy, Volgograd Region, Russia; nationality Russia; Gender Male; Passport 717619902 (Russia) (individual) [RUSSIA-EO14024] (Linked To: PUBLIC JOINT STOCK COMPANY BANK FINANCIAL CORPORATION OTKRITIE).
GOLIKOV, Andrei Fedorovich (a.k.a. GOLIKOV, Andrey Fedorovich (Cyrillic: ГОЛИКОВ, Андрей Фёдорович)), B Hariton Evskiy Pereulok 16-18-25, Moscow 107078, Russia; DOB 14 Mar 1969; POB Volzhskiy, Volgograd Region, Russia; nationality Russia; Gender Male; Passport 717619902 (Russia) (individual) [RUSSIA-EO14024] (Linked To: PUBLIC JOINT STOCK COMPANY BANK FINANCIAL CORPORATION OTKRITIE).
TITOVA, Elena Borisovna (Cyrillic: ТИТОВА, Елена Борисовна) (a.k.a. TITOVA, Yelena Borisovna), Russia; DOB 16 May 1967; POB Moscow, Russia; nationality Russia; Gender Female (individual) [RUSSIA-EO14024] (Linked To: PUBLIC JOINT STOCK COMPANY BANK FINANCIAL CORPORATION OTKRITIE).
TITOVA, Yelena Borisovna (a.k.a. TITOVA, Elena Borisovna (Cyrillic: ТИТОВА, Елена Борисовна)), Russia; DOB 16 May 1967; POB Moscow, Russia; nationality Russia; Gender Female (individual) [RUSSIA-EO14024] (Linked To: PUBLIC JOINT STOCK COMPANY BANK FINANCIAL CORPORATION OTKRITIE).
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OFAC has also modified the records of an already sanctioned entity as follows:
KALASHNIKOV CONCERN (a.k.a. CONCERN KALASHNIKOV; a.k.a. IZHEVSKIY MASHINOSTROITEL’NYI ZAVOD OAO; f.k.a. IZHMASH R&D CENTER; f.k.a. JSC NPO IZHMASH; f.k.a. NPO IZHMASH OAO; a.k.a. OJSC CONCERN KALASHNIKOV; f.k.a. OJSC IZHMASH; f.k.a. SCIENTIFIC PRODUCTION ASSOCIATION IZHMASH JOINT STOCK COMPANY), 3, Derjabin Pr., Izhevsk, Udmurt Republic 426006, Russia; Secondary sanctions risk: Ukraine-/Russia-Related Sanctions Regulations, 31 CFR 589.201 and/or 589.209; Registration ID 1111832003018 [UKRAINE-EO13661]. -to- JOINT STOCK COMPANY CONCERN KALASHNIKOV (a.k.a. CONCERN KALASHNIKOV; a.k.a. IZHEVSKIY MASHINOSTROITEL’NYI ZAVOD OAO; a.k.a. JSC KALASHNIKOV CONCERN; a.k.a. KALASHNIKOV CONCERN; a.k.a. OJSC KALASHNIKOV CONCERN), 18 Krzhizhanovsky St, Bldg 4, Moscow 11728, Russia; 2/93 Deryabin Passage, Room 78, Izhevsk 426006, Russia; Secondary sanctions risk: Ukraine-/Russia-Related Sanctions Regulations, 31 CFR 589.201 and/or 589.209; Tax ID No. 1832090230 (Russia); Registration Number 1111832003018 (Russia) [UKRAINE-EO13661] [RUSSIA-EO14024].
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Finally, OFAC has issued two new licenses in relation to the new sanction measures to enable the wind-down of certain (financial) transactions. Specifically, OFAC issued new
– General License 70 which permits (financial) transactions concerning Joint Stock Company Ural Mining and Metallurgical Company (UMMC) or any of its owned subsidiaries (interest of 50% or more) up to October 18, 2023, subject to certain restrictions.
– General License 71 which permits (financial) transactions concerning currently sanctioned
(1) Joint Stock Company Petersburg Social Commercial Bank;
(2) Joint Stock Company Locko Bank;
(3) Unistream Commercial Bank JSC;
(4) Joint Stock Company Commercial Bank Solidarnost;
(5) JSC Tinkoff Bank; or
(6) any subsidiary (interest of 50% or more)
also up to October 18, 2023 provided that any payments to these firms are made into blocked accounts.