Regulatory Alerts2024-03-07 | 2024-04856Added · Updated
Publication of Western Balkans Stabilization Regulations Web General Licenses 2 and 3
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) publishes General Licenses 2 and 3 under the Western Balkans Stabilization Regulations (31 CFR Part 588). General License 2 authorizes the wind down of transactions involving Orka Holding AD and entities it owns 50 percent or more, expiring on March 15, 2024. General License 3 authorizes transactions related to agricultural commodities, medicine, medical devices, and clinical trials involving Orka Holding AD and its majority-owned entities.
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