OFAC EXTENDS THE DEADLINE OF CERTAIN GENERAL LICENSES

Yesterday night, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) extended the expiration date of certain general licenses related to United Company RUSAL PLC (RUSAL).

The General Licenses 13D, 14A, and 16A are amended to extend the expiration date from 23 October to 12 November 2018, for transactions related to RUSAL and its subsidiaries. 

PLEASE SEE OFAC’S OFFICIAL PRESS RELEASE