On 21 February, the Office of Financial Sanctions Implementation (OFSI) issued a new General Licence INT/2025/5855272, Membership fees for International Organisations (“General Licence”), allowing payment of membership fees from accounts held with the DP.
Under this General Licence, six International trade organisations based in the UK may receive permitted payments transferred from an account held with Gazprombank Group.
The six International Organisations are:
- International Coffee Organisation
- International Grains Council
- International Sugar Organisation
- International Renewable Energy Agency (IRENA)
- North Atlantic Salmon Conservation Organisation
- Northeast Atlantic Fisheries Commission
Permitted payments include subscription fees and any other payments required to retain membership in these international organisations.
The General Licence took effect from 00:01, 21 February 2025, and expires at 11:59 pm 20 February 2030.
How Gherson can assist
Gherson lawyers have unparalleled experience with the UK, EU and US licensing regimes and can assist your organisation with licence applications, as well as advise if a licence is required. We can also advise your company on sanctions and regulatory compliance.
Updated: 24 February 2025
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