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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
November 9, 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 13G,
14C, 15B, and 16C amend their previous versions by extending the expiration date from
December 12, 2018, to January 7, 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. As the review of
these complex proposals is ongoing, OFAC is extending the expiration date of related licenses
until January 7,” said a Treasury spokesperson.
View General License 13G
License 16C

, General License 14C

, General License 15B

, and General

and information on today’s action.
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https://home.treasury.gov/news/press-releases/sm544

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