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Office for the Control of Foreign Assets (OFAC) ) of the US Treasury Department reduced the validity of the Russian GAZ group's license to 90 days. It was previously extended by one year.
The decision was taken against the background of the situation in Ukraine.
“These licenses were previously renewed on 23 December 2020. New licenses are renewed for a shorter period – 90 In April 2018, the United States blacklisted (SDN) Russian businessman Oleg Deripaska, a company controlled by it and subject to restrictions, including the GAZ Group. Deripaska reduced its stake in En + to 44.95%.
He and GAZ Group remained on the sanctions list, but the introduction of prohibition measures was postponed. The Treasury has closed the case.
British Prime Minister Boris Johnson previously promised Russia, on behalf of NATO members, that it would impose unprecedented sanctions in response to the “invasion” of Ukraine.