1012. Do I have to wind down energy-related transactions by the expiration date of Russia-related General License (GL) 8C?

GL 8C authorizes energy-related transactions through 12:01 a.m. eastern standard time, December 5, 2022, unless renewed.  In the event that GL 8C is not renewed, OFAC intends to issue a general license authorizing the orderly wind down of activities covered by GL 8C.

Updated: June 14, 2022