The U.S. Treasury Department’s Office of Foreign Assets Control on Wednesday issued a short-term general license temporarily relaxing certain Russia-related sanctions to facilitate logistical and financial transactions for a meeting between Donald Trump and Russian President Vladimir Putin scheduled for Friday in Alaska. The authorization allows U.S. service providers — including hotels, transport companies and other vendors — to receive payments connected to the summit. The license takes effect immediately and expires at 12:00 a.m. Eastern time on 20 August, limiting activity strictly to expenses tied to the event. Treasury officials said the step was necessary to avert over-compliance concerns that could disrupt arrangements for the high-profile discussions. All other restrictions on dealings with Russia remain in force once the license lapses.
US has to issue 'General License' to pause some anti-Russian sanctions So both sides can pay for Putin-Trump summit in Alaska In effect till August 20... for now? https://t.co/C6m1HoeCKf https://t.co/IZIZuAkElG
Today OFAC issued a General License to authorize certain Russia-related transactions in connection with the Putin-Trump meeting in Alaska on Friday. For example, this GL would authorize US service providers in Alaska, such as hotels, etc., to receive payments made by the https://t.co/NCVXKE36pQ
Ofac has a short-term general license out to allow transactions associated with Friday’s Trump-Putin meeting - good through midnight on 19th. Presumably as there was some overcompliance worries? https://t.co/k708APtRCQ