OFSI publishes General Licence INT/2025/7598960 and updates UK Financial Sanctions FAQs
The Office of Financial Sanctions Implementation (OFSI) has published General Licence INT/2025/7598960 under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019, SI 2019/855. The licence permits the continuation of business activities involving Rosneft Deutschland GmbH, RN Refining and Marketing GmbH and their subsidiaries. OFSI has also updated its UK Financial Sanctions FAQs, adding FAQ 169, which clarifies that business operations with these entities may continue as normal in relation to UK financial sanctions, provided they comply with the terms of General Licence INT/2025/7598960.