On Tuesday, July 31 the Department of the Treasury’s Office of Foreign Assets Control (OFAC) extended a general license for investors in three companies linked to Russian billionaire Oleg Deripaska. In its announcement, OFAC extended its general license for activities for EN+ Group PLC, GAZ Group and United Company RUSAL PLC. The extension of this general license allows further time for investors covered under U.S. sanctions against Russia to divest their shares. Over the past few months Treasury has provided leeway to these companies so that they can maintain business operations.