The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has released three new frequently asked questions (FAQs) related to Russia.
All of them concern the services that are prohibited under the Information Technology and Software Services Determination, which excludes “aany service to an entity located in the Russian Federation that is owned or controlled, directly or indirectly, by a U.S. person?”
The first FAQ is about a subsidiary company organized and located in Russia. The second FAQ concerns a subsidiary located in another country. The third FAQ relates to an employee who works in Russia.
