June 26, 2019: OFAC updates Venezuela and Ukraine-related General Licenses

Issuance of Amended Venezuela-related General License; Temporary Extension of Ukraine-related General Licenses

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending Venezuela-related

Today OFAC extended the expiration date of two general licenses related to GAZ Group by issuing General License No. 13L – Authorizing Certain Transactions Necessary to Divest or Transfer Debt, Equity, or Other Holdings in Certain Blocked Persons, and General License No. 15F – Authorizing Certain Activities Necessary to Maintenance or Wind Down of Operations or Existing Contracts with GAZ Group, or Certain Automotive Safety Activities.

In addition, General License No. 15F includes a new authorization for certain safety-related activity.

Links:

OFAC Notice

Venezuela General License 13B

Ukraine-Related General License 13L

Ukraine-Related General License 15F

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s