OFSI amends General Licence INT/2025/5635700 amended, Russian Oil Exempt Projects


On 17 December 2025, the General Licence INT/2025/5635700 was amended to add the Zohr project to the list of Exempt Projects. Additionally, the permissions of the General Licence were amended. The General Licence now authorises a Person to continue business operations and exercise shareholder rights in relation to an Exempt Project where the share registrar for that project is a Designated Person, including but not limited to the following activities:

  • A Person may make payments for administration fees in connection with share registrar services,
  • A Person may receive dividend payments that have been processed by, or by 
    reference to, a share registrar who is also a Designated Person. 

Any persons intending to use General Licence INT/2025/5635700 should consult the copy of the Licence for full details of the permissions and usage requirements.


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