The United States has extended the deadline for investors to divest from and wind down their business with Russia's GAZ Group until March 7, the US Treasury Department said in a notice on its website on Thursday.
WASHINGTON (Pakistan Point News / Sputnik - 20th December, 2018) The United States has extended the deadline for investors to divest from and wind down their business with Russia's GAZ Group until March 7, the US Treasury Department said in a notice on its website on Thursday."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 GAZ Group or any other entity in which GAZ Group 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 a.m. eastern standard time, March 7, 2019," the document said.
