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1203. What does General License (GL) 115 ("Authorizing Transactions Involving Gazprombank Related to Civil Nuclear Energy") authorize with respect to civil nuclear energy-related payments?
GL 115 generally authorizes all transactions involving Gazprombank Joint Stock Company ("Gazprombank"), or any entity in which Gazprombank owns, directly or indirectly, a 50 percent or greater interest, related to civil nuclear energy. Civil nuclear energy means the following activities when undertaken solely to maintain or support civil nuclear energy projects and operations initiated or under construction as of November 21, 2024: the extraction, production, refinement, conversion, enrichment, fabrication, transport, or purchase of uranium in any form; the production, generation, transmission, or exchange of nuclear power, fuel, or waste; and the operation of civil nuclear energy projects. However, GL 115 does not authorize, for instance, transactions involving Gazprombank related to the development of new civil nuclear energy power plants after November 21, 2024,...
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1) Read in conjunction with Russia-related GL 115. This guidance supplements the text of GL 115 to specify that "the extraction, production, refinement, conversion, enrichment, fabrication, transport, or purchase of uranium in any form; the production, generation, transmission, or exchange of nuclear power, fuel, or waste; and the operation of civil nuclear energy projects" are covered, and to clarify that "Paks II nuclear power plant project" is excluded from the scope of the GL.