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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.


OFAC Notice

Venezuela General License 13B

Ukraine-Related General License 13L

Ukraine-Related General License 15F

Categories: Licenses OFAC Updates Russia sanctions Ukraine sanctions Venezuela sanctions


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