Guidance

OFSI General licence INT/2025/5635700

Details for OFSI General licence INT/2025/5635700, Russian Oil Exempt Projects

• From: Office of Financial Sanctions Implementation and HM Treasury
• Published: 10 January 2025
• Last updated: 15 October 2025 — See all updates

Documents

OFSI General licence INT/2025/5635700

PDF, 131 KB, 3 pages

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OFSI General licence INT/2025/5635700 Publication notice

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Details

• General licence INT/2025/5635700
• General licence NT/2025/5635700 Publication notice

On 10 January 2025, OFSI issued General Licence INT/2025/5635700 under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019 (“the Russia Regulations”) which allows for the continuation of business operations with the Relevant Subsidiary to the extent they are in relation to the Exempt Projects.

Published 10 January 2025

Last updated 15 October 2025 + show all updates

1. 15 October 2025

   The definition of a Relevant Subsidiary in General Licence INT/2025/5635700 was updated to include any entity owned or controlled, directly or indirectly, by PJSC Lukoil Oil Company or PJSC Rosneft Oil Company, following their designation by the UK. Additionally, Schedule 1 of the General Licence was amended to add the following projects to the list of Exempt Projects: Caspian Pipeline Consortium, TengizChevroil, Shah Deniz, South Caucasus Pipeline, Azerbaijan Gas Supply Company, and Karachaganak.

2. 27 June 2025

   OFSI General licence INT/2025/5635700 amended

3. 10 January 2025

   First published.