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New Russia Railways-related OFSI General Licence

OFSI General Licence – Russia

OFSI has issued General licence INT/2022/1438977 under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019.

Under General Licence INT/2022/1438977, the DP is Russian Railways. The Joint Venture is GEFCO, a Joint Venture owned by Russian Railways and Stellantis, GEFCO S.A Rue Jean Jaures, 20-22, 92800 Puteaux, France.

A Subsidiary is any entity owned or controlled by the DP, including:

  • GEFCO UK Ltd
  • GEFCO Forwarding UK
  • Auto XP Limited
  • XP Tech Limited

Under General Licence INT/2022/1438977 a Person may continue business operations involving the Joint Venture or its Subsidiaries including, but not limited to: Payments to or from the Joint Venture or its Subsidiaries under any obligations or contracts; Payments to or from any third party necessary to the continuation of any obligations or contracts.

This licence takes effect from 25 March 2022 and expires on 23 May 2022.

Link:

General Licence INT/2022/1438977 – Publication Notice, General Licence

Categories: Licenses OFSI Updates Russia sanctions

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