OFACFinal Rule
Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General License 104A
Finance & BankingOther
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Summary
This regulation allows certain limited transactions with Russian entities that would normally be banned due to harmful activities. The U.S. Treasury Department created a special license to permit specific business dealings while maintaining overall sanctions against Russia.
Key Points
- 1The Treasury Department (OFAC) issued General License 104A to permit certain otherwise-prohibited transactions involving Russian entities
- 2This license creates narrow exceptions to broader Russian sanctions imposed due to harmful foreign activities
- 3Businesses and individuals must still follow strict rules and may only conduct transactions that fall under the specific terms of this license
- 4Companies engaged in permitted transactions must maintain detailed records and comply with all reporting requirements
- 5Unauthorized transactions with Russian entities remain illegal and subject to significant penalties
Key Dates
Published
October 1, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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