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Gazprom Germania saved by GL 30

Issuance of Russia-related General License 30

Release date

05/02/2022

Body

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 30, “Authorizing Transactions Involving Gazprom Germania GmbH Prohibited by Directive 3 under Executive Order 14024.”

And the GL says:

OFFICE OF FOREIGN ASSETS CONTROL
Russian Harmful Foreign Activities Sanctions Regulations 31 CFR part 587
GENERAL LICENSE NO. 30
Authorizing Transactions Involving Gazprom Germania GmbH Prohibited by Directive 3 under Executive Order 14024

(a) Except as provided in paragraph (b) of this general license, all transactions involving Gazprom Germania GmbH, or any entity in which Gazprom Germania GmbH owns, directly or indirectly, a 50 percent or greater interest, that are prohibited by Directive 3 under Executive Order 14024, Prohibitions Related to New Debt and Equity of Certain Russia-related Entities, are authorized through 12:01 a.m. eastern daylight time, September 30, 2022.

(b) This general license does not authorize any transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR), including transactions involving any person blocked pursuant to the RuHSR, unless separately authorized.

Links:

OFAC Notice

General License 30

Categories: Licenses OFAC Updates Russian Harmful Foreign Activities Sanctions

eric9to5

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