UK: RUSSIA SANCTIONS GENERAL LICENCE ON “PRIOR OBLIGATIONS”

On 22 May, HM Treasury announced a new General Licence.  Anybody intending to use the General Licence should consult the copy of the licence for full details of the definitions, permissions, and usage requirements.  The Licence covers prior contractual obligation of a designated person.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1158368/INT_2023_3024200.pdf

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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