"All transactions and activities otherwise prohibited by the Ukraine Related Sanctions Regulations, 31 C.F.R. part 589, that are ordinarily incident and necessary to the maintenance or wind down of operations, contracts, or other agreements, including the importation of goods, services, or technology into the United States, involving GAZ Group or any other entity in which GAZ Group owns, directly or indirectly, a 50 percent or greater interest and that were in effect prior to April 6, 2018, are authorized through 12:01 a.m. eastern standard time, March 7, 2019," the document said.
GAZ Group is also part of Deripaska's business empire. Russian officials have previously indicated that GAZ Group was also willing to take steps to be removed from the US blacklist.
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Deputy Prime Minister Dmitry Kozak said in October that Russian officials were involved in discussions about a possible foreign purchase of Deripaska's stake in the company in order to save tens of thousands of jobs that could potentially be lost as a result of US sanctions.