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Another day, another OFSI Russia General Licence – this one’s for Sovcomflot

OFSI General Licence – Russia

OFSI has issued General licence INT/2022/1469378 under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019.

Under General Licence INT/2022/14369378, the DP is Sovcomflot. A subsidiary is any entity owned or controlled by the DP. 

General Licence INT/2022/14369378 allows a person (other than the DP or a subsidiary) to wind down any transactions to which it is party involving the DP or a subsidiary including the closing out of any positions. 

This licence takes effect from 29 March 2022 and expires on 15 May 2022.

Links:

General Licence INT/2022/1469378 – Publication Notice, General Licence

Categories: Licenses OFSI Updates Russia sanctions Wind Down Activities

eric9to5

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