OFSI General Licences - Russia OFSI has issued 3 General Licences INT/2022/1277777, INT/20221277778, and INT/2022/1277877; under The Russia (Sanctions) (EU Exit) Regulations 2019. The new General Licences relate to: - A 7 day wind down period in respect of sovereign debt, loans and money market instruments measures (INT/2022/1277777);
- A 30 day wind down period in respect of the clearing and correspondent banking prohibitions (INT/2022/1277778); and
- A wind down period until 24 June (additional days to INT/2022/1277778) in respect of the clearing and correspondent banking prohibition where the payments relate to Relevant Energy Products (INT/2022/1277877).
This licences take effect from 01 March 2022 and have individual expiry dates Further details in relation to General Licence INT/2022/1277777, INT/2022/1277778, INT/2022/1277877 as well as copies of the General Licences, can be found at the link below. Any persons intending to use the General Licences should consult the copy of the Licence and refer to OFSI's General Guidance. To see further details If you have any questions about this email, please contact us using the link below. | 
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