GL-W
ExpiredAuthorizing the Wind Down of Transactions Involving Certain Persons Blocked on May 1, 2026
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Summary
General License W, issued under Executive Order 13846 ("Reimposing Certain Sanctions With Respect to Iran"), authorizes all transactions prohibited by E.O. 13846 that are ordinarily incident and necessary to wind down transactions involving Qingdao Haiye Oil Terminal Co., Ltd., or any entity in which it owns 50 percent or greater interest. The authorization runs through 12:01 a.m. eastern daylight time on May 31, 2026. Any payments to a blocked person made under this license must be directed into a blocked, interest-bearing account located in the United States. The license does not extend to other persons blocked under E.O. 13846 unless separately authorized.
Authorized activities
- Wind down of transactions involving Qingdao Haiye Oil Terminal Co., Ltd.
- Wind down of transactions involving any entity in which Qingdao Haiye Oil Terminal Co., Ltd. owns, directly or indirectly, a 50 percent or greater interest
Conditions
Wind-down transactions are authorized only through 12:01 a.m. eastern daylight time, May 31, 2026. 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. 13846 other than Qingdao Haiye Oil Terminal Co., Ltd. and its 50-percent-or-greater-owned entities, unless separately authorized.