By Maya Lester KC & Michael O’Kane

UK issues Russia & Belarus GLs

OFSI yesterday issued 2 new General Licences (GLs): Russia-related: INT/2022/1424276, “Wind Down of Positions Involving Various Designated Banks” (Notice), authorises until 23 April 2022 the wind down of transactions, including the closing out of any positions, involving Alfa Bank JSC, GazPromBank, Rosselkhozbank, SMP Bank or Ural Bank for Reconstruction and Development, or subsidiaries of these. Belarus-related: INT/2022/1424277, “Wind Down of …

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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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