On 6 October, OFSI published this General Licence, which expired on 3 April 2023, in connection with payments in connection with VTB Capital plc and its UK subsidiaries, Sberbank CIB (UK) Ltd and its UK subsidiaries, VTBC Asset Management International Limited), and VTB Bank (Europe) SE based in Germany along with its German subsidiaries.
On 6 October, the Isle of Man made matching amendments to its parallel General License.
https://www.gov.im/news/2022/oct/06/financial-sanctions-russia-general-licence-rus006-amendment/
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1109544/INT.2022.1280876__Amended_publication_notice_6.10.22.pdf
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1109543/INT.2022.1280876_Russian_banks_-_Basic_needs_insolvency_amendment_GL_6.10.22_CLEAN.pdf
https://www.europeansanctions.com/2022/10/ofsi-amends-gl-to-permit-german-banking-act-insolvency-related-payments/
Any modest contributions for my time and ongoing expenses are welcomed!
At Buy me a Coffee single contributions start as low as $3, at
https://www.buymeacoffee.com/KoIvM842y
Like this:
Like Loading...
Related
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
View all posts by raytodd2017
raytodd.blog 