By Maya Lester KC & Michael O’Kane

US issues Ukraine-related General Licences for GAZ Group transactions

On Monday (24 January 2022), OFAC issued 2 Ukraine-related General Licences (GLs) which extend the authorisation of certain transactions/activities related to GAZ Group, a Russian commercial vehicle manufacturer, for 90 days until 27 April 2022. The extensions are for a shorter period than the previous year-long extensions granted in December 2020. Notice. GL 13Q replaces and supersedes GL 13P in its …

RussiaRussia UkraineUkraine United StatesUnited States

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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