By Maya Lester KC & Michael O’Kane

UK Russia sanctions developments

Recent UK Russia sanctions developments are summarised below. General Licences OFSI has published 2 new Russia-related General Licences (GLs): INT/2022/1295476 “Wind Down of Positions Involving Various Designated Banks” (Notice), which authorises until 3 April 2022 the wind down of transactions involving Bank Otkritie, Promsvyazbank, Bank Rossiya, Sovcombank, Vnesheconombank (VEB) and their subsidiaries, or JSCB Novikombank, including the closing out 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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