OFAC Publishes Ukraine-Related General License  Number 3

Earlier this month, OFAC issued Ukraine-Related General License No. 3, a narrow license that authorizes all transactions prohibited by Directive 1 for DenizBank A.Ş. and companies in which it owns, directly or indirectly, a 50 percent or greater interest. Directive 1 prohibits certain transactions with named persons operating in Russia’s financial services sector.

For further information, find the text of the General License here.