Belarus General License 4 - Authorizing the Wind Down of Transactions Involving Belaruskali OAO (Effective August 09, 2021)

Date issued: Aug. 09 2021

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TURBOFAC Commentary (144 words)

Notes:

1) This is a standard wind-down general license, authorizing the processing of underlying transactions that may not involve U.S. persons (see e.g., FAQ 807), but not including authorizations for the "maintenance" of activities.

2) Read in conjunction with FAQ # 918, issued on the same day as this GL.

3) With respect to the scope of the typical "wind-down" GL, consult the relevant portions of Examples of Transactions Deemed to be, and not to be, Within the Scope of the Standard "Wind-down" and "Maintenance" GLs.

4) See comments to Belarus General License 5 for a discussion of the relationship between this GL and that one. Belarus General License 5 acts as an effective extension of this GL, at least insofar as it...