US Treasury: set deadline for break with Russian business
Washington continues its sanctions policies in relation to Russian companies. However, it was quite difficult for the United States to break off business ties without pain at the same time. Therefore, the US Treasury extended the completion of transactions with a number of Russian companies until January 21, 2019, calling this date “exactly” final.
This was announced on December 7, 2018 by the Department of Foreign Assets Control of the US Department of the Treasury. We are talking about such Russian companies as En +, GAZ Group, Rusal and Eurosibenergo. In addition, the same period has been set for American investors, who must by this moment get rid of all the shares and debt instruments of these companies.
This is another unfriendly step of the American "partners", continuing the sanctions policy. It is documented in four so-called general licenses. General License 13H, concerns disposal of the assets of En +, GAZ Group and Rusal. Three licenses (General License 14D, General License 15C and General License 16D) extend the deadline for transactions with Rusal, En +, Eurosibenergo and GAZ Group.
It should be recalled that on April 6, 2018, the United States announced the imposition of sanctions against these companies, but in addition to them, there were also Basic Element, Kuban agricultural holding and B-Finance investment company. And getting on such a list means freezing assets located in the United States. However, American companies did business with them, therefore, they could suffer. Therefore, the dates were postponed several times, first until May, then until June 2018.
And now a single and final date has been set, after which American companies will “blame themselves”, since the US Treasury has burst with patience. After all, American businessmen did not want to stop cooperation with the Russians.
This was announced on December 7, 2018 by the Department of Foreign Assets Control of the US Department of the Treasury. We are talking about such Russian companies as En +, GAZ Group, Rusal and Eurosibenergo. In addition, the same period has been set for American investors, who must by this moment get rid of all the shares and debt instruments of these companies.
This is another unfriendly step of the American "partners", continuing the sanctions policy. It is documented in four so-called general licenses. General License 13H, concerns disposal of the assets of En +, GAZ Group and Rusal. Three licenses (General License 14D, General License 15C and General License 16D) extend the deadline for transactions with Rusal, En +, Eurosibenergo and GAZ Group.
It should be recalled that on April 6, 2018, the United States announced the imposition of sanctions against these companies, but in addition to them, there were also Basic Element, Kuban agricultural holding and B-Finance investment company. And getting on such a list means freezing assets located in the United States. However, American companies did business with them, therefore, they could suffer. Therefore, the dates were postponed several times, first until May, then until June 2018.
And now a single and final date has been set, after which American companies will “blame themselves”, since the US Treasury has burst with patience. After all, American businessmen did not want to stop cooperation with the Russians.
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