Ukraine:
OFAC Extends Two Ukraine-Related General Licenses
13 November 2019
Cadwalader, Wickersham & Taft LLP
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OFAC extended the expiration date for two
Ukraine-related General Licenses. The new expiration date is March
31, 2020.
General License No. 13M, which replaces
General License 13L, permits certain transactions necessary to
divest or transfer debt, equity or other holdings in GAZ Group, and
holdings in entities in which GAZ Group owns an interest.
General License No. 15G, which replaces
General License 15F, permits certain activities necessary to
maintain or wind down operations or existing contracts with GAZ
Group and certain automotive safety and environmental
activities.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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