UK: OFSI HAS ISSUED ONE NEW GENERAL LICENCE AND AMENDED AN EXISTING ONE

On 6 April, HM Treasury advised that a new General Licence allows for a 30-day wind down period of positions involving Credit Bank of Moscow. It expires on 6 May.  Another existing General Licence has been amended has also been amended, now that Sberbank is subject to an asset freeze, and this amendment ensures that the General Licence in respect of energy related payments may continue to be used.

https://www.gov.uk/government/collections/ofsi-general-licences

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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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