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March 20, 2020: GAZ Group stays off the hook

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. 13N – “Authorizing Certain Transactions Necessary to Divest or Transfer Debt, Equity, or Other Holdings in GAZ Group,” and Ukraine-related General License No. 15H – “Authorizing Certain Activities Necessary to Maintenance or Wind Down of Operations or Existing Contracts with GAZ Group, and Certain Automotive Safety and Environmental Activities.” 

Links:

OFAC Notice

Ukraine/Russia-related General License 13N , 15H

Categories: Licenses OFAC Updates Russia sanctions Ukraine sanctions

eric9to5

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