By Maya Lester KC & Michael O’Kane

OFAC reissues Russian energy General Licence and removes Skoda from designation list

On Friday 5 May 2023, OFAC reissued Russia-related General Licence 8G, “Authorising Transactions Related to Energy”.  The substance of the licence has not changed, but it has been extended to Wednesday 1 November 2023.  The General Licence authorises energy-related transactions with certain sanctioned Russian companies, namely: State Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank; Public Joint Stock Company …

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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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