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OFAC Authorizes Wind-Down Period With Sberbank Subsidiaries

April 13, 2022 |Sanctions

The Office of Foreign Assets Control April 12 issued Russia-related General License 26, allowing a wind-down period with Sberbank subsidiaries Joint Stock Company SB Sberbank Kazakhstan and Sberbank Europe AG. Certain transactions are authorized through 12:01 a.m. EDT July 12.