OFAC: RUSSIA SANCTIONS – 2 NEW GENERAL LICENSES AND UPDATED FAQ

On 25 April, OFAC announced the granting of General Licences 13R (authorising the wind down of certain transactions necessary to divest or transfer debt, equity, or other holdings in GAZ Group) and 15L (authorising the wind down of transactions involving GAZ Group).  It also updated a number of relevant FAQ.

https://home.treasury.gov/system/files/126/ukraine_gl13r.pdf

https://home.treasury.gov/system/files/126/ukraine_gl15l.pdf

https://home.treasury.gov/policy-issues/financial-sanctions/faqs/updated/2022-04-25

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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