OFSI oil price cap relating to Russian energy products 

The UK and Price Cap Coalition (G7 + Australia) partners have agreed tough and comprehensive sanctions on Russia’s most lucrative export: crude oil and refined oil products. OFSI is collectively banning the import of Russian oil and oil products into our...

OFSI publishes its Annual Review 2021/22

OFSI has issued 33 general licences and 42 new and 107 amended specific licences in this period, most in relation to Libya sanctions. It received 642 licence applications in the 1st 6 months of the invasion. OFSI will prioritise licence applications where there are...

OFSI GL on telecoms and news media services

A Person, other than a Person designated under Regulation 5 of the Russia Regulations, may continue business operations involving the provision of Civilian Telecommunication Services including, but not limited to: Payments to or from the DP under any contracts or...

UK issues Russia GLs for charities & media

OFSI has issued General Licence (GL) INT/2022/1834876, “Russia Designated Persons – Charities and Interim Managers and trustees” ( Notice ), which authorises until 30 May 2023 an Interim Manager and/or trustee…