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OFSI issues two new Russia-related General Licences

OFSI issues two General Licences

OFSI has issued General Licence INT/2022/2305324 and General Licence INT/2022/2307324 under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019.

General Licence INT/2022/2305324

Under General Licence INT/2022/2305324, Persons may grant category 5 loans to Saving Energy For Europe GmBH, otherwise known as Gazprom Germania, and its subsidiaries, including SEFE Marketing & Trading Limited and SEFE Energy Limited.

This Licence takes effect from 23:59 on 28 October 2022 and expires on 29 October 2023. When assessing the potential for renewal of General Licence INT/2022/2305324 OFSI will consider the potential implications of this decision for the UK’s energy security.

General Licence INT/2022/2307324

General Licence INT/2022/2307324 is a 7-day wind down licence, which will allow the granting of category 5 loans until 23:59 on 05 November.

OFSI Notice


General Licence INT/2022/2305324 – Publication Notice, General Licence

General Licence INT/2022/2307324 – Publication Notice, General Licence

Categories: Licenses OFSI Updates Russia sanctions Wind Down Activities


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