Guidance

OFSI General Licence INT/2022/1280876

Details of OFSI General Licence INT/2022/1280876

• From: Office of Financial Sanctions Implementation and HM Treasury
• Published: 1 March 2022
• Last updated: 8 January 2025
  Show all updates

  1. 8 January 2025

     OFSI General Licence INT/2022/1280876 amended to add Permission 5.3A which states that no distributions on VTB Bank PJSC’s claim should be made without first deducting from the distributions the value of any VTB Capital plc assets which have been or are subject to VTB Bank PJSC enforcement action, and the VTB Group Receivables; and statutory interest should not be paid for any time over which distributions are not paid because of these deductions.

  2. 23 July 2024

     General Licence INT/2022/1280876 was further amended to change Permission 5.2, specifically the Insolvency Proceedings that apply to OWH SE, the EU subsidiary.

  3. 31 May 2024

     OFSI General Licence INT/2022/1280876 amended to permit a scheme of arrangement prepared by the Joint Administrators of VTB Capital plc.

  4. 2 January 2024

     OFSI General Licence INT/2022/1280876 amended to change the name of VTB Bank (Europe) SE to OWH SE within the definition of an “EU subsidiary.”

  5. 24 February 2023

     OFSI General Licence INT/2022/1280876 updated

  6. 6 October 2022

     Amended GL INT/2022/1280876

  7. 22 August 2022

     Amended GL and notice to add Guernsey and EU subsidiaries

  8. 22 April 2022

     Updated with: OFSI General Licence INT/2022/1280876 Publication notice of OFSI General Licence INT/2022/1280876

  9. 1 March 2022

     First published.

Documents

OFSI General Licence INT/2022/1280876

PDF, 143 KB, 6 pages

This file may not be suitable for users of assistive technology.

Request an accessible format

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Notice - OFSI General Licence INT/2022/1280876

PDF, 167 KB, 3 pages

This file may not be suitable for users of assistive technology.

Request an accessible format

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

• OFSI General Licence INT/2022/1280876
• Publication notice of OFSI General Licence INT/2022/1280876