Russia-related General License 75 - Authorizing Certain Transactions Related to Debt or Equity of, or Derivative Contracts Involving, Certain Entities Blocked on November 2, 2023 (November 2, 2023)

Date issued: Nov. 02 2023

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TURBOFAC Commentary (96 words)

Notes:

1) This is standard "debt/equity" GL, as issued in the Russian context (compare e.g. Russia GL 43 and Russia GL 48), that does not license against Directive 4 Under EO 14024. Refer generally to General Note on GLs and Other Types of Authorizations as Applied to Dealings in or Related to Securities of Sanctioned Issuers, for comments on the scope of the typical wind down GL containing language similar to this one.

2) Read in conjunction with Russia-related GL 74 (Authorizing the Wind Down and Rejection of Transactions Involving East-West United Bank).