The United States did not extend the deferral of sanctions against the GAZ Deripaska group

The previous license allowing the sanctioned company to work with suppliers and counterparties expired on the morning of May 25,new document not published

The US Department of the Treasury has not issued a new general license to defer sanctions against Oleg Deripaska's GAZ automobile group, the department's website testifies. The previous one expired at 7:01 Moscow time.

At the end of January, the US Treasury reduced the period of licenses issued to the GAZ group from one year to 90 days. Then the license was extended until April 26, after which it was issued for another month. It expired on May 25, and no new permits have been published since.

RBC sent a request to the press service of the GAZ group.

The Kremlin linked the reduction of the GAZ Group license with US pressure Business

The United States imposed sanctions against the GAZ group, Deripaska himself and other companies of the businessman in 2018. The restrictions involve the risk of secondary sanctions for banks, suppliers and counterparties. The US Treasury has been issuing short-term licenses for more than four years, allowing work with the group under concluded contracts.

The condition for the lifting of sanctions on the GAZ group was a "change in circumstances" due to which they were introduced, including the sale of a controlling stake by Deripaska. In 2020, the US Treasury presented the company with new requirements in exchange for another license: within five days after the close of each quarter, provide the US Treasury with financial statements and minutes of board meetings and confirm every month that it does not act on behalf of Deripaska and other sanctioned persons.

According to the list of affiliates of the GAZ group as of December 31, 2018, 65.6% of its shares belonged to Oleg Deripaska's Russian Machines holding. The owners of the remaining 34.4% were not disclosed. Since then, the group has stopped publishing data about affiliates.

The HEAD of everything: how to switch to Russian ERP and what to choose Instructions Pro Ceiling above 700 thousand rubles. per month: The company moves to a new location, and the employee refuses. What to do Instructions

In January 2019, the US Treasury lifted sanctions on three of Deripaska's companies - En +, UC Rusal and Eurosibenergo. This happened in exchange for reducing the businessman's stake in En +, through which he owns two other companies, from 68.47 to 44.95%.

Last summer, an American COURT denied Deripaska's demands to lift US Treasury sanctions against him. The federal district court for the District of Columbia rejected the arguments of Deripaska's defense, which called his inclusion on the sanctions list voluntaristic and exceeding the powers of the Treasury Department's Office of Foreign Assets Control.