View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

3/19/2020

OFAC Extends Expiration Date of General Licenses Related to EN+, RUSAL, and GAZ | U.S. Department of the Treasury

OFAC Extends Expiration Date of General Licenses Related to
EN+, RUSAL, and GAZ
December 7, 2018

Washington – The U.S. Department of the Treasury’s O ice of Foreign Assets Control (OFAC)
today extended further the expiration date of certain general licenses related to EN+ Group plc
(EN+), United Company RUSAL PLC (RUSAL), and GAZ Group (GAZ). These General Licenses 13H,
14D, 15C, and 16D amend their previous versions by extending the expiration date from January
7, 2019, to January 21, 2019, for transactions related to the companies and their subsidiaries.
On April 6, 2018, OFAC designated EN+ and GAZ for being owned or controlled by, directly or
indirectly, Oleg Deripaska and other entities he owns or controls. In that same action, OFAC
designated RUSAL for being owned or controlled by, directly or indirectly, EN+.
“EN+, RUSAL, and GAZ are proposing substantial corporate governance changes that could
potentially result in significant changes in control of these sanctioned entities. In recognition
that the review of these complex proposals is ongoing, OFAC is extending the expiration date of
related general licenses until January 21,” said a Treasury spokesperson.
View General License 13H,
License 16D

General License 14D,

General License 15C,

and General

and information on today’s action.
####

https://home.treasury.gov/news/press-releases/sm567

1/1


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102