GL-115C
SupersededAuthorizing Certain Transactions Related to Civil Nuclear Energy
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Summary
This license authorizes all transactions prohibited by E.O. 14024 that are related to civil nuclear energy involving thirteen specified Russian financial entities (including major Russian banks, the NCC, and the Central Bank of the Russian Federation) and their majority-owned subsidiaries. The term 'related to civil nuclear energy' is defined as transactions undertaken solely to maintain or support civil nuclear projects initiated before November 21, 2024. The authorization is valid through 12:01 a.m. eastern daylight time, June 18, 2026. This license replaces and supersedes General License No. 115B.
Authorized activities
- All transactions prohibited by E.O. 14024 related to civil nuclear energy involving Gazprombank Joint Stock Company
- All transactions prohibited by E.O. 14024 related to civil nuclear energy involving State Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank
- All transactions prohibited by E.O. 14024 related to civil nuclear energy involving Public Joint Stock Company Bank Financial Corporation Otkritie
- All transactions prohibited by E.O. 14024 related to civil nuclear energy involving Sovcombank Open Joint Stock Company
- All transactions prohibited by E.O. 14024 related to civil nuclear energy involving Public Joint Stock Company Sberbank of Russia
- All transactions prohibited by E.O. 14024 related to civil nuclear energy involving VTB Bank Public Joint Stock Company
- All transactions prohibited by E.O. 14024 related to civil nuclear energy involving Joint Stock Company Alfa-Bank
- All transactions prohibited by E.O. 14024 related to civil nuclear energy involving Public Joint Stock Company Rosbank
- All transactions prohibited by E.O. 14024 related to civil nuclear energy involving Bank Zenit Public Joint Stock Company
- All transactions prohibited by E.O. 14024 related to civil nuclear energy involving Bank Saint-Petersburg Public Joint Stock Company
- All transactions prohibited by E.O. 14024 related to civil nuclear energy involving National Clearing Center (NCC)
- All transactions prohibited by E.O. 14024 related to civil nuclear energy involving any entity 50% or more owned by the above persons
- All transactions prohibited by E.O. 14024 related to civil nuclear energy involving the Central Bank of the Russian Federation
- Transactions undertaken solely to maintain or support civil nuclear projects initiated before November 21, 2024
Conditions
The license does not authorize: (1) opening or maintaining correspondent or payable-through accounts for entities subject to Directive 2 under E.O. 14024; (2) any debit to an account on the books of a U.S. financial institution of the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance; (3) any transactions otherwise prohibited by the RuHSR (31 CFR part 587), including transactions involving blocked persons other than those listed in paragraph (a), unless separately authorized. Additionally, 'related to civil nuclear energy' is strictly limited to transactions solely to maintain or support civil nuclear projects initiated before November 21, 2024.