Global Trade Alert
Global Trade Alert

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United States of America: U.S. Treasury announces sanctions on foreign financial institutions that support Russia’s military industrial base

Description

On December 22, 2023, the U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) announced sanctions targeting foreign financial institutions involved in significant transactions for sa...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

22 Dec 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

Graph

Table

Affected Sectors

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Affected Products

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