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OFFICE OF FOREIGN ASSETS CONTROL
Ukraine Related Sanctions Regulations
31 C.F.R. Part 589
GENERAL LICENSE NO. 16E
Authorizing Certain Activities Necessary to Maintenance or Wind Down of Operations or Existing Contracts with EN+ Group PLC or JSC EuroSibEnergo
(a) Except as provided in paragraph (d) of this general license, all transactions and activities otherwise prohibited by the Ukraine Related Sanctions Regulations, 31 C.F.R. part 589, that are ordinarily incident and necessary to the maintenance or wind down of operations, contracts, or other agreements, including the importation of goods, services, or technology into the United States, involving EN+ Group PLC, JSC EuroSibEnergo, or any entity in which EN+ Group PLC or JSC EuroSibEnergo owns, directly or indirectly, a 50 percent or greater interest and that were in effect prior to April 6, 2018, are authorized through 12:01...
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*GL revoked in 2020, subsequent to the removal of sanctioned entities at issue from the SDN list.
1) Refer to FAQ 625 and FAQ 626, addressing Ukraine GL 16.
2) See interpretive Guidance Letter in Case No. Ukraine-EO13662-2018-354754-1 for discussion on relationship between "maintenance" wind-down licenses and secondary sanctions.
3) COMMON NOTE ON THE RELATIONSHIP BETWEEN UKRAINE GL 12, UKRAINE GL 13, UKRAINE GL 14, UKRAINE GL 15, AND UKRAINE GL 16
GL 12 authorized the wind-down and maintenance of operations with a wide variety of "oligarch-owned" companies that were all designed on the same day. See https://home.treasury.gov/news/press-releases/sm0338.
GL 12 expired June 05, 2018. Some of the substance of the GL...