Categories: News

OFAC Delays Sanctions for RUSAL, Others

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. 

Ryan Olson

Recent Posts

U.S.-Canada Grain Trade Resources Now Available

An updated, modernized version of  the U.S.-Canada Grain Trade Resources website in now available at…

2 years ago

NAEGA U.N. Food Systems Summit Resources for Members – June 18, 2021

NAEGA has launched a U.N. Food Systems Summit (UNFSS) Document Library. The library was developed…

3 years ago

Redesigned NAEGA.org Is Live

NAEGA members are invited to login to the redesigned NAEGA public and Member’s Only website…

3 years ago

Tokyo NAEGA Contract Seminar and Reception – Invitations to follow!

NAEGA has confirmed a date and location for our 2019 Tokyo Contract & Best Practices…

5 years ago

2019 OFAC Symposium

The U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) will hold it’s 2019 Fall…

5 years ago

U.S. Grain Standards Act Hearing

NAEGA has responded to written questions from members of the U.S. Senate Committee on Agriculture,…

5 years ago