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March 9, 2022: OFSI clarifies the VTB General Licence

OFSI General Licence – INT/2022/1272278

OFSI has amended the notice for General Licence INT/2022/1272278.

General Licence INT/2022/1272278 relates to the wind down of positions with VTB Bank and was issued on 25 February 2022. 

The notice was amended to clarify whether funds owed to VTB ought to be placed into a blocked account. 

This licence took effect from 25 February 2022 and expires on 27 March 2022.

Further details in relation to General Licence INT/2022/1272278 as well as copies of the General Licence, can be found here.

Categories: Licenses OFSI Updates Russia sanctions


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