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ARTICLE · 28 DECEMBER 2023

UK Sanctions Weekly Update - Week Of December 4, 2023

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In this weekly update, we summarise the most notable updates in the UK sanctions world. If you have any questions in respect of any of the developments set out below...

GlobalInternational Law
Jason Hungerford
Jason Hungerford
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Paul Whitfield-Jones
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In this weekly update, we summarise the most notable updates in the UK sanctions world. If you have any questions in respect of any of the developments set out below, please do not hesitate to contact a member of our London Global and Government Trade team listed above.

1. Russia Sanctions

  • UK Government issues new general licence for payments to local authorities: On December 8, 2023, OFSI issued a new General Licence INT/2023/3781228 covering certain payments to local authorities. Under the General Licence, UK assets freeze targets (and persons acting on their behalf) may make certain "Permitted Payments" to Local Authorities in the United Kingdom. Any person making use of the General Licence must report such use to OFSI within 14 days of a Permitted Payment being made. (General_Licence_INT3781228_Payments_to_Local_Authorities.pdf (publishing.service.gov.uk))

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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