GL-V
ExpiredAuthorizing the Wind Down of Transactions Involving Hengli Petrochemical (Dalian) Refinery Co., Ltd.
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Summary
General License V, issued under Executive Order 13902, authorizes transactions that are ordinarily incident and necessary to wind down any transaction involving Hengli Petrochemical (Dalian) Refinery Co., Ltd. or any entity in which it holds a 50 percent or greater interest. The authorization applies to transactions that would otherwise be prohibited by E.O. 13902. Any payments made to a blocked person under this license must be deposited into a blocked, interest-bearing account in the United States. The license does not extend to other persons blocked under E.O. 13902 beyond those specified.
Authorized activities
- Wind down of transactions involving Hengli Petrochemical (Dalian) Refinery Co., Ltd.
- Wind down of transactions involving any entity in which Hengli Petrochemical owns, directly or indirectly, a 50 percent or greater interest
- Payments to blocked persons into blocked, interest-bearing accounts located in the United States
Conditions
Any payment to a blocked person must be made into a blocked, interest-bearing account located in the United States. The license does not authorize transactions involving any person blocked pursuant to E.O. 13902 other than Hengli Petrochemical and its 50-percent-or-greater-owned subsidiaries, unless separately authorized.