March 6, 2019

OFAC extends GAZ Group general licenses

The  Office of Foreign Assets Control of the US Department of the Treasury  has extended the expiration of two general licenses to allow time to divest, transfer holdings and wind down operations connected with GAZ Group, which is blocked by the Ukraine Related Sanctions Regulations, 31 CFR part 589.  Today’s announcement replaces General Licenses 15D and 13J with General Licenses 15E and 13K respectively, extending activities covered  by these licenses until July 6, 2019.

OFAC news release | General License 13K | General License 15E