By Maya Lester KC & Michael O’Kane

OFSI issues 2 General Licences on ‘category 5 loans’ under Russia sanctions

OFSI today issued 2 General Licences (GLs) under the Russia (Sanctions) (EU Exit) Regulations 2019. These apply to ‘category 5 loans’ which will be introduced by the Russia (Sanctions) (EU Exit) (Amendment) (No. 15) Regulations 2022 tomorrow (29 October 2022) (post). INT/2022/ 2305324, “Securing Energy for Europe” (Notice), which authorises until 29 October 2023 a person or entity to grant …

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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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