US OFAC Russia Sanctions (Ukraine-Related)

Unrestricted US-Russia transactions undermined international sanctions against Russia.

Key Obligations

No transactions with designated Russian entities without OFAC licence

Penalty Ranges

Up to $20M per violation, criminal prosecution

Mandatory Deadline: In force since 2014, expanded 2022

Affected HS Codes: All chapters

Issuing Authority: US Office of Foreign Assets Control (OFAC)

Trade Compliance Records Home Regulations Database Compliance Answers Regulatory Wiki Blog Trade Intelligence Press Releases Inspection Bodies HS Codes About the Author