3 Aug 2022 09:36

OFAC grants a month to wind down transactions with MMK, GTLK, two to divest their securities

MOSCOW. Aug 3 (Interfax) - The U.S. Office of Foreign Assets Control (OFAC) has issued a number of licenses to conduct transactions with companies on the SDN List in connection with the inclusion of Russian steelmaker PJSC MMK and state leasing company PJSC GTLK in the sanctions list

A license to wind down transactions with MMK and GTLK is valid until September 1, and a license to divest their securities will be in effect until October 3.

A long license, for six months to January 31, 2023, has been granted to wind down transactions with MMK's Turkish plant, MMK Metalurji.