OFSI All Publications

Humanitarian Assistance Exception Notification for Petroleum Products

The UK's Office of Financial Sanctions Implementation (OFSI) has released guidance and a notification form for 'relevant persons' to report the use of a humanitarian assistance exception related to petroleum products for Syria. This exception, under the Syria (Sanctions) (EU Exit) Regulations 2019, requires notification by the end of the calendar year in which activities take place.

UK Financial Sanctions FAQs

The UK's Office of Financial Sanctions Implementation (OFSI) has updated its Financial Sanctions FAQs. These updates provide technical guidance and information on various sanctions regimes, including specific country measures and licensing. The latest updates include amendments and additions to existing FAQs, with the most recent changes noted on February 25, 2026.

OFSI General Licences Update

The Office of Financial Sanctions Implementation (OFSI) has updated its collection of General Licences. The latest updates, issued in February 2026, include licences related to the wind-down of Russian entities like Maritime Mutual Re-Insurance and PJSC Transneft, as well as humanitarian activities in Myanmar and continuation of business for Lukoil and Rosneft subsidiaries.

OFSI General Licence for PJSC Transneft Wind Down

The Office of Financial Sanctions Implementation (OFSI) has issued General Licence INT/2026/8889196, allowing persons to wind down transactions involving PJSC Transneft. This guidance is issued under The Russia (Sanctions) (EU Exit) Regulations 2019.

Russia Sanctions: Persons Subject to Financial Restrictions

The UK's Foreign, Commonwealth & Development Office and Office of Financial Sanctions Implementation have updated guidance on persons subject to financial and investment restrictions under the Russia sanctions regime. The guidance lists entities like GAZPROM NEFT, PJSC SBERBANK, and VTB BANK, detailing restrictions on transferable securities and loans.

OFSI General Licence for Lukoil Business Continuation

The Office of Financial Sanctions Implementation (OFSI) has issued General Licence INT/2025/8031092, allowing for the continuation of business operations with Lukoil International Entities under the Russia (Sanctions) (EU Exit) Regulations 2019. This licence was initially published on November 27, 2025, and updated on February 25, 2026.