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ARTICLE · 21 NOVEMBER 2022

OFAC Provides Relief For Certain Aviation And Maritime Vessels

Holland & Knight
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The U.S. Department of the Treasury's Office of Foreign Asset Control (OFAC) on Nov. 14, 2022, issued a Russia-related General License 40C

United StatesTransport
Ronald Oleynik
Ronald Oleynik
Marina Veljanovska O'Brien
Marina Veljanovska O'Brien
Sergio A. Fontanez
Sergio A. Fontanez
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Highlights

  • The U.S. Department of the Treasury's Office of Foreign Asset Control (OFAC) on Nov. 14, 2022, issued a Russia-related General License 40C (GL 40C) aimed at ensuring the safety of civil aircraft registered outside of the Russian Federation.
  • OFAC issued General License 21 (GL 21) on Nov. 15, 2022, authorizing limited safety and environmental transactions with certain blocked maritime vessels until Dec. 15, 2022.
  • OFAC's recent actions emphasize the U.S. government's continued prioritization on maritime and aviation safety.

The U.S. Department of the Treasury's Office of Foreign Asset Control (OFAC) recently issued two general licenses related to aviation and maritime safety.

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