DenizBank is a wholly-owned subsidiary of Sberbank, which is on the Sectoral Sanctions Identification (SSI) List. However, it's a Turkish bank – and the US wants the Turks to fight ISIS near the Syrian border. So…
General License 3 explictly exempts DenizBank from the Ukraine-related sanctions.
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Posted with BlogsyFiled under: 50% Rule, Licenses, OFAC Updates, Sanctions Lists, Ukraine sanctions
