OFAC Updates Name of Saint Petersburg Exchange in Russia License

The Office of Foreign Assets Control this week released updated Russia-related General License 76A, which replaces General License 76, to clarify that the license applies to Public Joint Stock Company Saint Petersburg Exchange. OFAC said the license previously listed the entity’s name as “Saint Petersburg Stock Exchange.” The license “otherwise remains unchanged,” OFAC said.

The agency initially issued the license last week to authorize certain activities necessary to the wind down of transactions involving Public Joint Stock Company Saint Petersburg Exchange as well as Russian holding company Sistema Public Joint Stock Financial Corporation and Limited Liability Company Arctic LNG 2, the operator of Arctic LNG 2, a Russian liquefied natural gas project (see 2311020015).