By Donald Zuhn — A General License issued on March 2, 2022 by the Office of Foreign Assets Control ("OFAC") of the U.S. Department of the Treasury authorizes "U.S. persons . . . to pay taxes, fees, or import duties, and purchase or receive permits, licenses, registrations, or certifications" for a limited time when such activities relate to transactions involving the Central Bank of the Russian Federation ("Bank of Russia") and to the extent that such activities would otherwise be prohibited by Directive 4 under Executive Order (E.O.) 14024. According to the General License, transactions that "are ordinarily incident and…
