UK Publishes Russian Investment General License, Good for a Week

The U.K. released a General License, "Investments in relation to Russia," that permits an individual to directly acquire ownership in Russian land, directly acquire ownership over a business connected with Russia, directly or indirectly establish a joint venture with a Russian individual and open a representative office or branch located in Russia. The license, effective July 19-26, also permits an individual to provide investment services directly related to the mentioned services and also wind down any transactions involving those activities.