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Green light from US Treasury for VEON Ltd. Equity trading
Amsterdam, 18 November 2022: 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 today issued General License 54 authorizing all transactions ordinarily incident and necessary to the purchase and receipt of any debt or equity securities of VEON Ltd. that would otherwise be prohibited by section 1(a)(i) of Executive Order (E.O.) 14071. OFAC General License 54 applies to all debt and equity securities of VEON Ltd. 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 54, VEON Group Chief Executive Officer Kaan Terzioglu said: About VEON About VEON VEON is a digital operator that provides converged connectivity and connected services to over 200 million customers. Operating across seven countries that are home to more than 8% of the world’s population, VEON is transforming people’s lives, empowering individuals and driving economic growth. Headquartered in Amsterdam, VEON is listed on NASDAQ and Euronext. For more information, visit:?https://www.veon.com Disclaimer Contact Information
Marina Levina Group Director Investor Relations
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