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Ending Sanctions Exemption for Certain Russian Entities

This law terminates a specific exemption from sanctions for certain Russian entities. This means that sanctions previously imposed due to harmful activities by the Russian government will now fully apply to these entities.
Key points
A special permission (General License No. 8C) exempting some Russian entities from sanctions is terminated.
Sanctions imposed under Executive Order 14024 will fully apply to the entities previously covered by this exemption.
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Expired
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Additional Information
A bill to terminate General License No. 8C of the Office of Foreign Assets Control of the Department of the Treasury and require the application of sanctions under Executive Order 14024 to the entities listed in General License No. 8C.
Print number: S 4463
Sponsor: Sen. Marshall, Roger [R-KS]
Process start date: 2022-06-23