Biden’s Executive Order 14024 due to Russia’s invasion of Ukraine Office of Foreign Assets Control OFAC restrictions on economic activity with Russia, FinTechs Learn from Previous OFAC Actions
The U.S. responded to the Russian-Ukraine conflict by blocking certain Russian financial institutions and individuals, and imposing varying degrees of sanctions prohibitions on other listed Russian banks and entities, pursuant to the 50 Percent Rule.
In February 2014, the Revolution of Dignity or Maidan revolution in Ukraine resulted in the ousting of Ukrainian President Viktor Yanukovych. In the months that followed, Russia annexed.
On 22 February 2022, the United States announced new sanctions on Russia, blocking the property of two major Russian banks, dozens of their subsidiaries, and five individuals, and.