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…

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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