The Office of Financial Sanctions Implementation (“OFSI”) in the UK, and The Office of Foreign Assets Control (“OFAC”) in the US, have published a joint Humanitarian Assistance and Food Security factsheet entitled “Understanding UK and U.S. Sanctions and their Interconnection with Russia”.
The factsheet provides information on:
- Frequently Asked Questions and responses relating to joint U.S.-UK Humanitarian Assistance;
- Relevant Humanitarian Authorizations;
- Related Humanitarian Guidance and FAQs.
Humanitarian actors, non-governmental organizations (NGOs), financial institutions, and companies engaged in agricultural trade or the provision of medical supplies and assistance may use this factsheet as a guide when engaging in transactions that may be impacted by sanctions.
Other firms should view the factsheet for further guidance on understanding and complying with UK/US sanctions obligations.