OFAC Extends Expiration Date Of Certain General Licenses Related To Ukraine Sanctions

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The U.S. Department of the Treasury Office of Foreign Assets Control ("OFAC") extended the expiration date of certain General Licenses concerning companies on the Specially Designated Nationals and Blocked Persons list. Specifically, the General Licenses 13H, 14D, 15C and 16D modified their previous versions by extending the expiration date from January 7, 2019 to January 21, 2019.

General License 13H, which replaces General License 13G, authorizes certain transactions necessary to divest or transfer debt, equity or other holdings in EN+ Group PLC, GAZ Group and United Company RUSAL PLC;
General License 14D, which replaces General License 14C, allows certain activities necessary to maintain or wind down operations or existing contracts with United Company RUSAL PLC;
General License 15C, which replaces General License 15B, authorizes certain activities necessary to maintain or wind down operations or existing contracts with GAZ Group; and
General License 16D, which replaces General License 16C, authorizes certain activities necessary to maintain or wind down operations or existing contracts with EN+ Group PLC or JSC EuroSibEnergo.

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