Guidance: OFSI General licence INT/2025/5635700

Details for OFSI General licence INT/2025/5635700, Russian Oil Exempt Projects

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On 10 January 2025, OFSI issued General Licence INT/2025/5635700 under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019 (“the Russia Regulations”) which allows for the continuation of business operations with the Relevant Subsidiary to the extent they are in relation to the Exempt Projects.

General Licence was amended to add the Kurdistan Export Pipeline to the list of Exempt Projects.

OFSI General licence INT/2025/5635700 amended to include any entity owned or controlled, directly or indirectly, by PJSC Transneft, following their designation by the UK

General Licence was amended to add the Zohr project to the list of Exempt Projects.

The definition of a Relevant Subsidiary in General Licence INT/2025/5635700 was updated to include any entity owned or controlled, directly or indirectly, by PJSC Lukoil Oil Company or PJSC Rosneft Oil Company, following their designation by the UK. Additionally, Schedule 1 of the General Licence was amended to add the following projects to the list of Exempt Projects: Caspian Pipeline Consortium, TengizChevroil, Shah Deniz, South Caucasus Pipeline, Azerbaijan Gas Supply Company, and Karachaganak.