OFAC extends expiration date of General Licenses relating to Russian entities



  • On 21 September OFAC extended the expiration date of the below general licenses (providing for the wind down of activities) from 23 October 2018 to 12 November 2018:

    • General License 13D Authorising Certain Transactions Necessary to Divest or Transfer Debt, Equity, or Other Holdings in Certain Blocked Persons. The extension only applies to United Company Rusal and EN+ Group, not to GAZ Group and Auto Plant (the expiration of which remains 23 October 2018).
    • General License 14A Authorising Certain Activities Necessary to Maintenance or Wind Down of Operations or Existing Contracts with United Company Rusal Plc.
    • General License 16A Authorising Certain Activities Necessary to Maintenance or Wind Down of Operations or Existing Contracts with EN+ Group Plc or JSC EuroSibEnergo.