By Maya Lester KC & Michael O’Kane

UK imposes asset freeze on VEB.RF, Otkritie & SovComBank

The UK has imposed a full asset freeze on 3 Russian financial institutions pursuant to the Russia (Sanctions) (EU Exit) Regulations 2019: VEB.RF, Bank Otkritie Financial Corporation PJSC and SovComBank. Notice & Foreign Secretary Liz Truss’ Statement to Parliament & House of Commons Debate. VEB.RF, Bank Otkritie and SOVCOMBANK are all subject to US sanctions (see post & post). VEB.RF …

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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