OFAC Extends General Licenses Related To Ukraine Sanctions

The U.S. Department of the Treasury Office of Foreign Assets Control ("OFAC") extended certain General Licenses concerning Ukraine-related entities on the Specially Designated Nationals and Blocked Persons list.

General License No. 13G authorizes certain transactions to divest or transfer debt, equity, or other holdings from certain designated blocked persons (including EN+ Group PLC, GAZ Group, and United Company RUSAL PLC ) to a non-U.S. person; General License No. 14C allows certain activities necessary to maintain or wind down operations or existing contracts with United Company RUSAL PLC; General License No. 15B authorizes certain activities necessary to maintain or...