by Jyotsna Bucktowar | Sep 11, 2023
This power allows OFSI to publish details of financial sanctions breaches, including the person/entity who committed the breaches, where OFSI decides that the breaches are not serious enough to justify a civil monetary penalty. OFSI acquired this power via the...
by Jyotsna Bucktowar | Jun 28, 2023
The Factsheet will provide additional clarity on Russia-related sanctions and the relevant authorizations, exceptions and public guidance issued by the US and UK. The fact sheet is intended to serve as a guide for humanitarian actors, non-governmental...
by Jyotsna Bucktowar | Jun 21, 2023
The nationalisation of Gazprom Germania (renamed Securing Energy for Europe) means that Gazprom’s UK subsidiaries are no longer in scope of the credit restrictions introduced by The Russia (Sanctions) (EU Exit) (Amendment) (No. 15) Regulations 2022,...
by Jyotsna Bucktowar | Jun 20, 2023
The definition of “Non-government controlled Ukrainian territory” has been expanded to include the oblasts of Kherson and Zaporizhzhia. The GL has also updated Annex I of Designated Financial Institutions to capture financial institutions designated since 7 July...
by Jyotsna Bucktowar | Jun 14, 2023
OFSI issued General Licence permitting the trade in oil derivatives and futures previously prevented by regulation 46Z9C of the Russia (Sanctions) (EU Exit) Regulations 2019. The exemptions will apply to individuals, organisations and brokers trading in…
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