UK Revokes General License for GEFCO
The U.K. revoked the General License for GEFCO under the Russian sanctions regime following the sale of Russian Railways' position in GEFCO, a joint venture between Russian Railways and Stellantis. The license permitted business operations with the joint venture or…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
its subsidiaries, but after Russian Railways' sale of its stake on April 8, GEFCO is no longer subject to U.K. sanctions. Also on April 8, French shipping group CMA CGM announced it had acquired nearly 100% of GEFCO, an auto transport company.