UK: NEW RUSSIA SANCTIONS GENERAL LICENCE

On 1 April, HM Treasury issued a new General Licence which permits the receipt and onward transfer of non-rouble denominated interest/coupon or maturity/principal payments in connection with debt issued by the Central Bank of the Russian Federation; the National Wealth Fund of the Russian Federation; and the Ministry of Finance of the Russian Federation before 1 March.  The Licence expires on 30 June.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1065927/INT.2022.1495176_publication_notice.pdf

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at https://www.buymea3coffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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