OFSI has issued a General Licence to permit the wind down of transactions involving Zarubezhneft JSC

Following the designation of Zarubezhneft JSC by the Foreign, Commonwealth and Development Office (FCDO), OFSI has issued the Zarubezhneft JSC Wind Down General Licence (INT/2026/11080040).

The General Licence permits the wind down or divestment of transactions involving Zarubezhneft JSC and entities it owns or controls directly or indirectly. It also permits activities reasonably necessary to complete that wind down or divestment.

The General Licence takes effect from 8 October 2026 and expires at 23:59 on 21 November 2026. Those using the licence must comply with its conditions and record-keeping requirements.

Here’s the General Licence:

and the Publication Notice: