OFAC amends Ukraine-related general licenses and publishes FAQs
January 28, 2022
On January 24, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued General License (GL) 13Q, “Authorizing Certain Transactions Necessary to Divest or Transfer Debt, Equity, or Other Holdings in GAZ Group,” which replaces and supersedes GL 13P. (Covered by InfoBytes here.) Additionally, OFAC issued GL 15K, “Authorizing Certain Activities Involving GAZ Group,” which replaces and supersedes GL 15J. Both licenses were extended through April 27. OFAC also published seven Ukraine-related FAQs.