OFSI General licence INT/2025/5635700
Details for OFSI General licence INT/2025/5635700, Russian Oil Exempt Projects
Documents
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.
Updates to this page
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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.
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OFSI General licence INT/2025/5635700 amended
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First published.