November 1, 2019: OFAC amends 2 Ukraine-related General Licenses

Issuance of Amended Ukraine-related General Licenses

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

In addition, General License No. 15G includes an expanded authorization for certain safety-related activity and a new authorization for certain activities to comply with environmental regulatory requirements.

Note: Mr. Watchlist did some research. Ukraine-related General License 13 (the original) was authored on April 6, 2018, and the newest version expires in March of next year. General License 15 is slightly newer, but it was still issued on May 22, 2018. Your have to wonder why these keep on getting renewed – either the targeted firms clean up their act, or the sanctions go into place. Ditto that Belarus General License that has been in place for years…

Links:

OFAC Notice

General License 13M

General License 15G

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