- Dozens more Russian and Ukrainian entities have been designated as prohibited / restricted parties
- A limited General License authorizes transactions, for a brief period of time, to halt business with a specific Russian entity
- The designations reflect OFAC's continued use of the "50 percent rule," and the challenges of diligence on Russian transaction partners
Designations. On September 1, 2016, the U.S. Office of Foreign Assets Control (OFAC) designated 37 individuals and entities pursuant to its Ukraine-related sanctions program. OFAC last designated individuals and entities under the Ukraine program in December 2015.