On Nov. 5, 2025, UK Treasury extended the general license to Nov. 7, 2027.
Amended definition of designated creditor financial institution and reporting conditions.
On Nov. 7, UK Treasury issued license on credit institution payments.
UK OFSI issued a license on payments made in 2022 between non-designated 3rd parties involving designated credit or financial institutions (2022 blocked payments).
Granted under regulation 64 of the Russia (sanctions) (EU exit) regulations 2019.
Allows institutions to process 2022 payments via designated credit/financial institution.
Effectiveness
This license takes effect from Nov. 7, 2024 and expires at 23:59 on Nov. 6, 2025.
Nov. 2025 Amendments
On Nov. 5, 2025, UK Treasury extended the general license to Nov. 7, 2027.
Amended definition of designated creditor financial institution and reporting conditions.
