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Ukraine conflict—HMT issues OFSI General Licence INT/2022/1678476

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Published on: 13 May 2022

Published by LNB News

LNB News 13/05/2022

Document Information

Issue Date: 13 May 2022

Published Date: 13 May 2022

Jurisdiction(s): England, Northern Ireland, Scotland, Wales, Russian Federation and Ukraine

Article summary

HM Treasury’s Office of Financial Sanctions Implementation (OFSI) has issued General Licence INT/2022/1678476 under the Russia (Sanctions) (EU Exit) Regulations 2019, SI 2019/855 which allows for payments and other permitted activities to take place in relation to winding down activities, basic needs and insolvency proceedings associated with the Amsterdam Trade Bank N.V or a subsidiary of the same. The GL took effect on 12 May 2022 and expires on 12 May 2023.

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