OFAC Renews General Licenses Related to Ukraine
The Office of Foreign Assets Control on Jan. 24 extended two Ukraine-related licenses. General License 13Q, which replaces 13P "Authorizing Certain Transactions Necessary to Divest or Transfer Debt, Equity, or Other Holdings in GAZ Group," and General License 15K, which…
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replaces 15J "Authorizing Certain Activities Involving GAZ Group." These licenses were set to expire Jan. 26, via a previous extension issued Dec. 23, 2020. The new licenses are being extended for 90 days, through 12:01 a.m. Eastern Daylight Time, April 27. OFAC also updated its frequently asked questions related to the updated GLs.