UK issues licence for sale of Chelsea Football Club

by | May 25, 2022

The sale of Chelsea FC to US investor Todd Boehly has been approved by the UK Govt, bringing a close to Russian billionaire Roman Abramovich’s near 20-year ownership of the football club. The approval of the £4.25 billion ($5.3 billion) sale…

Russia adds american public figures to its ban list

by | May 24, 2022

Russia has permanently banned close to 1,000 Americans from entering their country in response to the US support of Ukraine and the historic sanctions facing Moscow nearly three months into its invasion. The list includes Kamala Harris, Joe Biden, Oprah...

US will not renew Russian debt Sanctions GL

by | May 24, 2022

OFAC has confirmed that it will not renew the provisions of Russia-related General Licence (GL) 9C that expired today, 25 May 2022. The expired provisions authorised: Transactions ordinarily incident and necessary to dealings in debt or equity of one of...

OFSI GL on Russian Travel for UK nationals

by | May 23, 2022

Under General Licence INT/2022/1839676  – A United Kingdom Person may purchase tickets from a DP or any Subsidiary for flights or rail journeys originating in, or within, Russia – A United Kingdom Person, Relevant Institution…