The U.S. Treasury Department's Office of Foreign Assets Control extended the expiration date of two general licenses related to GAZ Group, allowing certain transactions involving the sanctioned company until July 6, 2019, OFAC said in March 6 notice. The previous expiration date, issued in a Jan. 16 notice, was March 7. The sanctions against GAZ Group are Ukraine-related, and the company was designated as an “oligarch-owned” entity after OFAC said in a April 2018 notice that the company was owned or controlled by “Russian Machines” and oligarch Oleg Deripaska, who also is identified as having a large stake in Russian aluminum producer Rusal. The notice said GAZ Group is Russia’s “leading manufacturer of commercial vehicles.”
The Office of Foreign Assets Control added one entity and made one change to its Specially Designated Nationals List, under Counter Terrorism designations, OFAC said in a March 5 notice. The office added Harakat Al-Nujaba, a terrorism group, and updated information on Arkam ‘Abbas Al-Kabi, an Iraqi national. The terrorist group is associated with Iraq and Syria, according to the notice.