Sony Pixel Power calrec Sony

US Treasury expands general license to include both VEON Ltd. and VEON Holdings

18/01/2023

18 Jan 2023

US Treasury expands general license to include both VEON Ltd. and VEON Holdings Amsterdam, 18 January 2023: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announced that the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC) has replaced the General License 54 originally issued on 18 November 2022 with General License 54A to now include both VEON Ltd. and VEON Holdings B.V. (VEON Holdings).

This general license authorizes all transactions ordinarily incident and necessary to the purchase and receipt of any debt or equity securities of VEON Ltd. or VEON Holdings that would otherwise be prohibited by section 1(a)(i) of Executive Order (E.O.) 14071. OFAC General License 54A applies to all debt and equity securities of VEON Ltd. or VEON Holdings that were issued before 6 June 2022, and confirms that the authorization applies not only to the purchase and receipt of debt and equity securities, but also to transactions ordinarily incident and necessary to facilitating, clearing, and settling of such transactions. This General License ensures that all market participants can trade the relevant securities with confidence that such trading is consistent with E.O. 14071, which targeted new investment in Russia.

Commenting on the issuance of General License 54A, VEON Group Chief Executive Officer Kaan Terzio lu said: We are very pleased that the Office of Foreign Assets Control has now confirmed that the license covers both VEON Ltd. and VEON Holdings' debt and equity securities. This confirmation addresses some of the market uncertainty there was regarding the debt issued through VEON Holdings.

Disclaimer

This release contains forward-looking statements, as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, expectations regarding management plans and the ability to successfully execute operating model, governance and development plans. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.

About VEON

VEON is a global digital operator that currently provides converged connectivity and online services to over 200 million customers in seven dynamic markets. We are transforming people's lives, empowering individuals, creating opportunities for greater digital inclusion and driving economic growth across countries that are home to more than 8% of the world's population. Headquartered in Amsterdam, VEON is listed on NASDAQ and Euronext.

For more information visit: https://www.veon.com.

Contact Information

VEON

Investor Relations

Nik Kershaw

ir@veon.com

This website stores cookies on your computer. These cookies are used to improve vour website experience and provide more personalized services to you, both on this website and through other media. To find out more about the cookies we use, see our Privacy Policy

We wont track your information when you visit our site. But in order to comply with your preferences, well have to use just one tiny cookie so that youre not asked to make this choice again.

AcceptDecline
LINK: https://www.veon.com/media/media-releases/2023/us-treasury-expands-gen...
See more stories from vimpel

More from VimpelCom

04/12/2023

VEON's Kyivstar and Amazon Web Services Sign Memorandum of Cooperation to Support the Development of Ukrainian Businesses

04 Dec 2023 VEON's Kyivstar and Amazon Web Services Sign Memorandum of Coop...

27/11/2023

VEON Recognised for Crisis Response at World Communication Awards 2023

27 Nov 2023 VEON Recognised for Crisis Response at World Communication Awards 2023 Amsterdam, 27 November 2023 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: V...

27/11/2023

VEON Implements New Clawback Policy and Updates Incentive Plans to Enhance Accountability in Compliance with Nasdaq Listing Standards

27 Nov 2023 VEON Implements New Clawback Policy and Updates Incentive Plans to ...

20/11/2023

VEON 3Q23 trading update: raising full-year revenue and EBITDA guidance, return to USD revenue growth, exit from Russia completed

20 Nov 2023 VEON 3Q23 trading update: raising full-year revenue and EBITDA guid...

15/11/2023

Going Asset-Light: VEON and Summit Reach USD 100m Deal for Partial Sale of Bangladesh Towers Portfolio

15 Nov 2023 Going Asset-Light: VEON and Summit Reach USD 100m Deal for Partial ...

14/11/2023

VEON Welcomes Former U.S. Secretary of State Mike Pompeo to Kyivstar Board of Directors

14 Nov 2023 VEON Welcomes Former U.S. Secretary of State Mike Pompeo to Kyivsta...

31/10/2023

VEON Launches Digital-First Operator OQ in Uzbekistan

31 Oct 2023 VEON Launches Digital-First Operator OQ in Uzbekistan New brand targets digital natives with integrated media and entertainment services Amsterda...

30/10/2023

VEON files motion with Kyiv Court challenging the freezing of corporate rights in Kyivstar

30 Oct 2023 VEON files motion with Kyiv Court challenging the freezing of corpo...

23/10/2023

VEON Group Board and Management Delegation Visit Ukraine, Highlighting Commitment to the Country's Future

23 Oct 2023 VEON Group Board and Management Delegation Visit Ukraine, Highlight...

20/10/2023

VEON issues CEO Letter to Investors on Group Financial Position, Reinstatement of Analyst Coverage and Unrestricted Trading

20 Oct 2023 VEON issues CEO Letter to Investors on Group Financial Position, Re...

12/10/2023

VEON is the sole and rightful owner of Kyivstar

12 Oct 2023 VEON is the sole and rightful owner of Kyivstar Company responds to speculation about Kyivstar Amsterdam, 12 October 2023 - VEON Ltd. (NASDAQ: VE...

09/10/2023

VEON closes the sale of its Russia operations, completes its exit from Russia

09 Oct 2023 VEON closes the sale of its Russia operations, completes its exit from Russia Amsterdam, 09 October 2023, 15:15 CET - VEON Ltd. (NASDAQ: VEON, Euro...

05/10/2023

Beeline Uzbekistan invests in developing local IT talent with Beeline Academy

05 Oct 2023 Beeline Uzbekistan invests in developing local IT talent with Beeline Academy Beeline Academy launched to help train youth with emphasis on data pr...

28/09/2023

Keeping Ukraine connected: Kyivstar CTO addresses GSMA Sec Con at MWC Las Vegas 2023

28 Sep 2023 Keeping Ukraine connected: Kyivstar CTO addresses GSMA Sec Con at M...

22/09/2023

VEON Hits a Six in Cricket Asia Cup 2023

22 Sep 2023 VEON Hits a Six in Cricket Asia Cup 2023 Tamasha Draws Record 14.4 Million Digital Viewers During the Tournament Amsterdam, 22 September 2023: VE...

20/09/2023

Kyivstar Raises UAH100 million to Support Ukraine's Demining

20 Sep 2023 Kyivstar Raises UAH100 million to Support Ukraine's Demining Amsterdam, 20 September 2023 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON),...

13/09/2023

VEON finalizes sale agreement to exit Russia

13 Sep 2023 VEON finalizes sale agreement to exit Russia Amsterdam, 13 September 2023 12:45 CET - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global ...

13/09/2023

NOTICE OF REDEMPTION June 2024

13 Sep 2023 NOTICE OF REDEMPTION June 2024 NOTICE OF REDEMPTION: VEON HOLDINGS B.V. (the Issuer) (a private company incorporated under Dutch law) US$900,000...

13/09/2023

NOTICE OF REDEMPTION December 2023

13 Sep 2023 NOTICE OF REDEMPTION December 2023 NOTICE OF REDEMPTION: VEON HOLDINGS B.V. (the Issuer) (a private company incorporated under Dutch law) US$700...

13/09/2023

VEON notifies bondholders of early payment of its 2023 and 2024 notes

13 Sep 2023 VEON notifies bondholders of early payment of its 2023 and 2024 notes Amsterdam, 13 September 2023 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: V...

11/09/2023

Beeline Uzbekistan enhances its 4G network, supporting digital operator services across the country

11 Sep 2023 Beeline Uzbekistan enhances its 4G network, supporting digital oper...

07/09/2023

VEON Group Announces Vesting of Share Award for the Group CEO

07 Sep 2023 VEON Group Announces Vesting of Share Award for the Group CEO Amsterdam, 7 September 2023: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a gl...

05/09/2023

CEO Letter to Investors: VEON confirms unhindered trading, offers support to investors

05 Sep 2023 CEO Letter to Investors: VEON confirms unhindered trading, offers s...

29/08/2023

VEON discloses its 2Q23 unaudited interim condensed consolidated financial statements

29 Aug 2023 VEON discloses its 2Q23 unaudited interim condensed consolidated fi...

22/08/2023

VEON's Banglalink Announces Strategic Partnership with Digital Communication platform BiP in Bangladesh

22 Aug 2023 VEON's Banglalink Announces Strategic Partnership with Digital ...

17/08/2023

Stepping up the fintech ambition in Bangladesh, VEON and Banglalink apply for a Digital Banking License

17 Aug 2023 Stepping up the fintech ambition in Bangladesh, VEON and Banglalink...

03/08/2023

VEON publishes 2Q23 trading update

03 Aug 2023 VEON publishes 2Q23 trading update Strong results, full-year revenue guidance raisedAmsterdam, 3 August 2023 07:00 CEST - VEON Ltd. (NASDAQ: VEON, ...

02/08/2023

VEON and Rakuten to Cooperate in Open RAN and Digital Services to Rebuild Ukraine's Infrastructure

02 Aug 2023 VEON and Rakuten to Cooperate in Open RAN and Digital Services to R...

31/07/2023

VEON appoints Faisal Ghori Group Director Investor Relations

31 Jul 2023 VEON appoints Faisal Ghori Group Director Investor Relations Amsterdam, 31 July 2023 - VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global...

25/07/2023

VEON Group Announces Share Awards for Members of Board and Management Team

25 Jul 2023 VEON Group Announces Share Awards for Members of Board and Management Team Amsterdam, 25 July 2023, 10:00 CET: VEON Ltd. (NASDAQ: VEON, Euronext Am...

24/07/2023

VEON files Form 20-F for financial year 2022

24 Jul 2023 VEON files Form 20-F for financial year 2022 Amsterdam, 24 July 2023 22:00 CEST - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digi...

19/07/2023

VEON Announces Leaner HQ Management Team Strengthening Operating Company Boards

19 Jul 2023 VEON Announces Leaner HQ Management Team Strengthening Operating Company Boards Amsterdam, 19 July 2023, 17:00 CET: VEON Ltd. (NASDAQ: VEON, Eurone...

17/07/2023

VEON's Beeline Kazakhstan Deploys Solar Power to Connect Remote Areas

17 Jul 2023 VEON's Beeline Kazakhstan Deploys Solar Power to Connect Remote Areas Equipment supports 4G network in 2 areas with scarce energy supply Amst...

10/07/2023

VEON Publishes FY2022 Integrated Annual Report

10 Jul 2023 VEON Publishes FY2022 Integrated Annual Report Highlights Strong Environmental, Social, and Governance Performance Amsterdam, 10 July 2023: VEON Lt...

30/06/2023

VEON Shareholders Approve New Board, Morten Lundal Elected New Chair

30 Jun 2023 VEON Shareholders Approve New Board, Morten Lundal Elected New Chair Amsterdam, 30 June 2023, 07.00 CET: VEON Ltd. (NASDAQ: VEON, Euronext Amsterda...

29/06/2023

VEON discloses its 1Q23 unaudited interim condensed consolidated financial statements

29 Jun 2023 VEON discloses its 1Q23 unaudited interim condensed consolidated fi...

29/06/2023

VEON reveals faster local currency revenue and EBITDA growth in first five months at AGM

29 Jun 2023 VEON reveals faster local currency revenue and EBITDA growth in fir...

24/06/2023

VEON publishes audited financial statements for year ended 31 December 2022

25 Jun 2023 VEON publishes audited financial statements for year ended 31 December 2022 Amsterdam, 25 June 2023 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: ...

21/06/2023

VEON to Invest USD 600 million in Ukraine's Recovery

21 Jun 2023 VEON to Invest USD 600 million in Ukraine's Recovery Company calls on other stakeholders to Invest in Ukraine, Now! London, 21 June 2023 - V...

16/06/2023

VEON Appoints Omiyinka Doris Group General Counsel

16 Jun 2023 VEON Appoints Omiyinka Doris Group General Counsel Amsterdam, 16 June 2023 - VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital...

13/06/2023

VEON Granted Extension by Nasdaq for 20-F Filing

13 Jun 2023 VEON Granted Extension by Nasdaq for 20-F Filing Amsterdam, 13 June 2023 - VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON), a global digital operator ...

12/06/2023

How 4G Offered Forewarning Ahead of Cyclone Mocha

When Cyclone Mocha bore down on the coast of Bangladesh and Myanmar in mid-May it reminded many of the terrible events of 1991 when winds of 250 km/h caused sea...

09/06/2023

Announcement of Currency Exchange Option

09 Jun 2023 Announcement of Currency Exchange Option Amsterdam, 9 June 2023 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator tha...

07/06/2023

VEON publishes corporate governance report

07 Jun 2023 VEON publishes corporate governance report Amsterdam, 7 June 2023 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator t...

07/06/2023

VEON's Beeline Kazakhstan Launches IT Subsidiary QazCode

07 Jun 2023 VEON's Beeline Kazakhstan Launches IT Subsidiary QazCode Amsterdam, 7 June - VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digit...

07/06/2023

VEON publishes Corporate Governance Report for financial year 2022

Amsterdam, 7 June 2023 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides connectivity and online services ( VEON or...

30/05/2023

VEON enters the final stages in the sale of its Russia operations

30 May 2023 VEON enters the final stages in the sale of its Russia operations Amsterdam, Netherlands, 30 May 2023 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam...

24/05/2023

Keeping Local Talent, Local

Kyrgyzstan, like many other smaller countries depends on savvy IT experts to modernise and boost its economy, but the digital workforce needs training and retai...

23/05/2023

Kyivstar Supports Treatment of Child Burn Victims with Donation to Lviv Hospital

23 May 2023 Kyivstar Supports Treatment of Child Burn Victims with Donation to Lviv Hospital Kyivstar-funded medical equipment will facilitate in-country treat...

22/05/2023

VEON Announces 2023 AGM and Board Nominees

22 May 2023 VEON Announces 2023 AGM and Board Nominees Amsterdam, 22 May 2023 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator t...