WASHINGTON (Sputnik) – The US government has issued a license authorizing transactions with Venezuela’s state oil company Petroleos de Venezuela (PDVSA) until June 21, 2021, the Department of the Treasury said in a notice on Wednesday.
This general license does not authorize any transactions or activities prohibited by other documents, the notice added.
At the same time, the US Treasury Department said in a notice that the US has authorized a wind-down period for transactions with the Russian automotive conglomerate GAZ Group until January 26, 2022.
The general license does not authorize unblocking of certain property and specific kinds of transactions between US persons and the GAZ Group. The previous deadline for cutting ties with the GAZ Group was January 22, 2021.
The United States imposed sanctions on the GAZ Group last April, but has since issued several general licenses allowing US investors to continue conducting limited transactions with the Russian auto-maker.
The GAZ Group is part of Russian businessman Oleg Deripaska’s business empire. The United States targeted the automaker along with Deripaska’s companies Rusal and EN+ Group over what Washington has described as Russia’s “malign activities” in Ukraine.
In January 2019, the US Treasury Department lifted the sanctions on EN+ and Rusal.
Sourse: sputniknews.com
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