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.