The sanctions directly affect companies involved in Russia's oil and gas industries by imposing new export license requirements....more
Relief is very limited and alleviates threat of sanctions regarding transactions by non-U.S. or foreign persons.
On January 30, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published...more
Mandatory requirements cover actions of issuers' foreign subsidiaries and affiliates.
On August 10, 2012, section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 (the Act), 112 P.L. 158, added new...more
Grace period through March 8 provided to foreign subsidiaries to wind down Iranian transactions.
On December 26, 2012, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) amended the Iranian...more