INTERNATIONAL FINANCIAL SANCTIONS

On issues related to sanctions monitoring, please contact:

email: [email protected], phone: (8 5) 271 6685, (8 5) 271 7482 

A LIST OF LEGAL ENTITIES OR OTHER BODIES NOT HAVING THE STATUS OF A LEGAL ENTITY WHICH ARE OWNED OR CONTROLLED BY THE SANCTIONED SUBJECT

* By Order No 1K-206 of 22 May 2023 of the Minister of Finance of the Republic of Lithuania "On the Appointment of a Temporary Administrator", „Valnetas“ UAB (company code 135778275), was appointed as a temporary administrator of „AB „Lifosa“ (company code 161110455), a public limited liability company, for a period of one year from 24 May 2023.

The management bodies of „AB „Lifosa“  have been allowed to continue the company's activities, but the appointment of a temporary administrator is a necessary measure to ensure the implementation of international sanctions in Lithuania. The temporary administrator must ensure that the transactions carried out by the company do not directly or indirectly benefit the sanctioned entities and that the company itself receives an economically based benefit.

All decisions of the company's general meeting of shareholders, board of directors or director require the prior written approval of the temporary administrator. These decisions include any settlements, monetary transactions, conclusion or termination of contracts and transactions by „AB „Lifosa“.

No separate decision of the FCIS is required for exemptions or authorisations to waive restrictions and obligations set out in the legal acts establishing international sanctions.

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