On April 25, 2022, the US Treasury Departmentâs Office of Foreign Assets Control (âOFACâ) re-issued General License 13R (âGL 13Râ) and General License 15L (âGL 15Lâ), narrowing those authorized activities with GAZ Group and entities owned 50% or more by GAZ Group (âGAZâ), as further described below. OFAC also issued a set of updated FAQs to clarify the scope of authorized activities under these GLs.
Baker McKenzie’s international trade compliance lawyers from around the world discussed the major global legislative, judicial and administrative activities and trends in export controls, trade sanctions, customs compliance, and import requirements in nine 75 minute sessions which took place from 16 to 18 November 2021.