The Department of the Treasury's Office of Foreign Assets Control (OFAC) has published a general license known as GL 5A. This license, which was issued on November 6, 2024, allows certain activities related to pumps made or distributed by two companies, Kaldera and Elpring, for the treatment or distribution of drinking water. It replaces the previous General License No. 5 and aims to authorize transactions that were previously prohibited under the Western Balkans Stabilization Regulations. However, it does not permit transactions with blocked persons not specifically mentioned in the license.
Simple Explanation
The government made a new rule that lets two companies make and sell special pumps for clean water that helps people in the Western Balkans, but some people are worried it might be unfair and hard to understand.