GL-54A
ActiveAuthorizing Certain Transactions Involving VEON Ltd. or VEON Holdings B.V. Prohibited by Executive Order 14071
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Summary
General License 54A authorizes all transactions ordinarily incident and necessary to the purchase or receipt of debt or equity securities of VEON Ltd. or VEON Holdings B.V. that are prohibited by E.O. 14071, provided those securities were issued prior to June 6, 2022. It also authorizes transactions necessary for facilitating, clearing, and settling of such authorized transactions. It replaces and supersedes General License No. 54, dated November 18, 2022, in its entirety.
Authorized activities
- Purchase or receipt of debt or equity securities of VEON Ltd. or VEON Holdings B.V. issued prior to June 6, 2022, that are prohibited by E.O. 14071 section 1(a)(i)
- Facilitating, clearing, and settling of transactions authorized by paragraph (a) of this general license that are prohibited by E.O. 14071 section 1(a)(i)
Conditions
The license does not authorize any transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR), including transactions involving any person blocked pursuant to the RuHSR, unless separately authorized. The authorization for securities transactions applies only to debt or equity securities issued prior to June 6, 2022.