OFAC extends expiration date of General Licenses relating to Russian entities
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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.