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ARTICLE · 20 JULY 2022

U.S. Issues Clarifications On Sanctions And Additional Measures To Facilitate Global Food Security

Lewis Brisbois Bisgaard & Smith LLP
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Further, OFAC issued a new General License 44 authorizing U.S. persons to provide tax preparation or tax filing services to U.S. persons located in Russia.

United StatesInternational Law
Jane Luxton
Jane Luxton
Andrew Pidgirsky
Andrew Pidgirsky
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Washington, D.C. (July 19, 2022) - Reacting to concerns that U.S. sanctions could be viewed as impeding exports or global transactions related to urgently needed food, fertilizer, agricultural equipment, or medical supplies, on July 14, 2022, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued a fact sheet clarifying that "agricultural and medical trade are not targets" of U.S. sanctions. In addition to providing these assurances to banks, shippers, and insurance companies, the OFAC measures include a new General License 6B, which explicitly authorizes transactions related to (1) the production, manufacturing, sale, or transport of agricultural commodities and equipment, (2) medicine, medical devices and components, parts, or associated software, (3) medical research and clinical trials, and (4) medical efforts in furtherance of COVID-19 prevention, diagnosis, or treatment. Further, OFAC issued a new General License 44 authorizing U.S.

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