WASHINGTON, Nov 1 (Reuters) - The U.S. Treasury stated on Friday it was giving buyers a number of e
WASHINGTON, Nov 1 (Reuters) – The U.S. Treasury stated on Friday it was giving buyers a number of extra months to divest from Russian automaker GAZ GAZA.MM, an organization linked to Russian tycoon Oleg Deripaska that Washington sanctioned over Russia’s “malign exercise.”
The U.S. Treasury’s Workplace of International Property Management stated it will enable buyers and companies till March 31 to chop ties with GAZ. It additionally stated it will allow actions wanted to keep up or wind down present contracts with GAZ till then.
The earlier deadlines had been November 8.
(Reporting by Tim Ahmann Modifying by Chizu Nomiyama)
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