UK SANCTIONS 4 RUSSIAN STEEL AND PETROCHEMICAL TYCOONS AND ISSUES NEW GENERAL LICENCE

On 2 November, US News reported that they included Alexander Abramov and Alexander Frolov, who Britain described as known associates of oligarch Roman Abramovich.  It also issued a new General Licence to allow Truphone Limited to make or receive or receive payments, subject to conditions, for the purposes of continuing to provide Services under existing arrangements.  The General Licence also allows a person to undertake any activity necessary for the effective termination of Service contracts or obligations.

On 2 November, the Isle of Man confirmed the same changes.

https://www.usnews.com/news/world/articles/2022-11-02/uk-sanctions-four-russian-steel-and-petrochemical-tycoons

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1115088/Notice_Russia_021122.pdf

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1115120/Publication_notice_-_INT20222339452_02.11.22-L2000010772.pdf

https://www.gov.im/news/2022/nov/02/financial-sanctions-russia/

https://www.buymeacoffee.com/KoIvM842y