The Office of Foreign Assets Control added an entity to its Specially Designated Nationals List, with a Venezuela-related designation, OFAC said in a March 11 notice. The entity, Evrofinance Mosnarbank, is associated with a Moscow address in Russia, according to the notice, and is linked to Petroleos de Venezuela, the Venezuelan state-owned and U.S.-sanctioned oil company.
The U.S. Treasury Department's Office of Foreign Assets Control extended the expiration date of two general licenses related to GAZ Group, allowing certain transactions involving the sanctioned company until July 6, 2019, OFAC said in March 6 notice. The previous expiration date, issued in a Jan. 16 notice, was March 7. The sanctions against GAZ Group are Ukraine-related, and the company was designated as an “oligarch-owned” entity after OFAC said in a April 2018 notice that the company was owned or controlled by “Russian Machines” and oligarch Oleg Deripaska, who also is identified as having a large stake in Russian aluminum producer Rusal. The notice said GAZ Group is Russia’s “leading manufacturer of commercial vehicles.”