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The Office of Foreign Assets Control (OFAC) of the US Treasury has reduced the license period of the Russian GAZ Group to 90 days. Previously, it was extended for a year.
The decision was made against the background of the situation in Ukraine.
“These licenses were previously renewed on December 23, 2020 for a year. New licenses are extended for a shorter period – 90 days,” the statement on the agency’s website says.
In April 2018, the United States was included in the “black list” (SDN list) Russian businessman Oleg Deripaska. The companies controlled by him were also subject to restrictions. Including GAZ Group. In January of the same year, En+, together with Rusal and Eurosibenergo controlled by it, was withdrawn from sanctions. Deripaska reduced his stake in En+ to 44.95%.
He and GAZ Group remained on the sanctions list, but the introduction of prohibitive measures was postponed. In June last year, Deripaska, through the court, demanded that they be canceled, and the Ministry of Finance closed the case.
Earlier, British Prime Minister Boris Johnson, on behalf of NATO member countries, promised Russia to carry out unprecedented sanctions in response to the “invasion” of Ukraine.