The escalation of geopolitical issues involving Russia and Ukraine has heightened the issuance and severity of sanctions and restrictions being imposed by the U.S. government. The processing of transactions involving these countries may also be delayed or impacted (rejected/blocked) due to the sanctions. Should you need more information regarding the sanctions, please refer to the U.S. Treasury’s OFAC website at https://home.treasury.gov/policy-issues/financial-sanctions/sanctions-programs-and-country-information.
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