New Updates for 09-May-2025

2025-05-09

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The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:

  • 28 Apr 2025 (UK):

    The Akin Summary document has now been posted for this action.

    The Office of Financial Sanctions Implementation ("OFSI") issued General Licence INT/2025/6135848 (the "GL"), which allows the transfer of assets and liabilities as part of the integration of Credit Suisse Group AG into UBS Group AG.

  • 28 Apr 2025 (UK):

    The Akin Summary document has now been posted for this action.

    The Office of Financial Sanctions Implementation ("OFSI") amended General Licence INT/2025/5855272 (the "GL") in respect of membership fees for International Organisations.

  • 28 Apr 2025 (UK):

    The Akin Summary document has now been posted for this action.

    The Office of Financial Sanctions Implementation ("OFSI") issued a new General Licence INT/2025/6160920 in respect of Legal Services (the "GL"). The new GL takes effect from 00:01 on April 29, 2025, and shall expire at 23:59 on October 28, 2025. The GL replaces General Licence INT/2024/5334756 in respect of Legal Services.

  • 28 Apr 2025 (EU):

    The Akin Summary document has now been posted for this action.

    The European Commission (the "Commission") updated its Russia sanctions FAQs relating to the prohibition on the "Provision of Services", pursuant to Article 5n of Council Regulation (EU) 833/2014 ("Regulation 833").

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