Amendment of Ukraine-related General Licenses
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Nicaragua Sanctions Regulations (31 CFR part 582) to incorporate the Nicaragua Human Rights and Anticorruption Act of 2018. OFAC is also adding a general license authorizing certain United States government activities. This regulatory amendment is currently available for public inspection with the Federal Register and will take effect upon publication in the Federal Register on July 17, 2020.
In addition, OFAC is amending two general licenses related to GAZ Group by issuing Ukraine-related General License No. 13O, “Authorizing Certain Transactions Necessary to Divest or Transfer Debt, Equity, or Other Holdings in GAZ Group,” and Ukraine-related General License 15I, “Authorizing Certain Activities Involving GAZ Group.”
Note that the new General License for Nicaragua will not be reflected with a standalone file on the OFAC site, but will be a part of the updated regulations, which is done in various programs, but not consistently (I assume due to the timing of updates, time-limited licenses, etc.).