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OSFI ends June with a new Russia General Licence

OFSI General Licence – Russia

OFSI has issued General Licence INT/2022/1968500 under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019

General Licence INT/2022/1968500 allows for a 30 day wind down period of positions involving Rosbank PJSC (Rosbank) or any entity owned or controlled by Rosbank. 

The licence takes effect from 30 June 2022 and expires on 30 July 2022.

Any Persons intending to use the General Licence should consult the copy of the Licence and refer to OFSI’s General Guidance.

Links:

General Licence INT/2022/1968500 – Publication Notice, General Licence

Categories: Licenses OFSI Updates Russia sanctions Wind Down Activities

eric9to5

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