By Maya Lester KC & Michael O’Kane

OFAC issues General Licence 13B relating to RUSAL, EN+ Group and GAZ Group

Yesterday, OFAC issued Ukraine/Russia-related General Licence 13B, which replaces and supersedes General Licence 13A. General Licence 13B extends the expiration of the general licence to 5 August 2018 (previously 5 June 2018). OFAC Notice here. Among other things, General Licence 13B authorises transactions and activities necessary to divest or transfer debt, equity or other holdings in EN+ Group, GAZ Group, or...

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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