The United States reduced the term of the GAZ Group license due to the situation around Ukraine.

If earlier permits were issued for a year, now the period has been reduced to 90 days. US authoritiesissue short-term licenses,allowing a sanctioned company to work with suppliers and contractors US Department of the Treasury in Washington

The US Treasury has reduced the term of licenses for commercial vehicle manufacturer GAZ Group. Permits will be valid until April 27, 2022, follows from the message of the department.

This decision was made due to tensions in relations between RUSSIA and Ukraine, according to REUTERS. Previously, licenses were issued for a year, the term expires on Wednesday, January 26. Now it was only released for 90 days.

“Further extension will depend on the behavior of Russia,” said a Finance Ministry official.

RBC sent a request to GAZ Group.

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