By Maya Lester KC & Michael O’Kane

OFSI issues General Licence for transactions related to agricultural commodities

OFSI has issued General Licence (GL) INT/2022/2349952, “Transactions related to agricultural commodities including the provision of insurance and other services”. No date is given on the GL, but when active, it provides that the asset freeze and making available prohibitions in the Russia sanctions Regulations (regulations 11 – 15) are not contravened by a Relevant Exporter (a non-designated exporter, producer, …

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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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