The trust services sanctions came into effect on 16 December 2022. These are financial sanctions, for which the Office of Financial Sanctions Implementation (OFSI) is responsible, while the Department for Business and Trade is responsible for professional and business services …
The UK Government remains committed to punishing Russia’s illegal invasion of Ukraine, cutting off funding streams to the Putin regime and stopping those close to the regime from benefitting from western services. As announced last year, the UK government has …
The UK has introduced the largest and most severe package of economic sanctions that Russia has ever faced. The UK government, along with international allies, is working strenuously to reduce Putin’s ability to wage war. As part of this package, …
Find out who needs to report to OFSI, what you need to report and how to do it
How many financial sanctions regimes does the UK implement? How much money do UK institutions hold in frozen funds? Find out in OFSI's first Annual Review