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UK Extends General Licence Allowing Transactions with Lukoil’s Bulgarian Subsidiaries Until February 2027
The United Kingdom has extended a general licence permitting certain transactions with four Bulgarian subsidiaries of Russian oil company Lukoil, allowing authorised business activities to continue until 26 February 2027. The extension, announced by the Office of Financial Sanctions Implementation (OFSI) on 28 October 2026, provides additional time for businesses and financial institutions to maintain permitted operations despite UK sanctions affecting the wider Lukoil group.
Oct 293 min read


Georgia Proposes Steep Increase in Fines for Gambling Licence Violations
The Georgian government has put forward draft amendments to Parliament that would significantly raise financial penalties for breaches of gambling licence conditions, signaling a tougher stance on regulatory enforcement across the sector. The proposed changes fall under the law “On Arranging Lotteries, Gambling and Prize Games,” and lawmakers are expected to examine the bill in the coming weeks. Under the draft legislation, fines for casino operators and online gambling p
Apr 172 min read


UK Consults on Potential Licence Fee Hike to Strengthen Gambling Regulation and Tackle Black Market
The UK government is weighing a possible increase in gambling operator licence fees, as part of a consultation aimed at securing additional funding for the Gambling Commission’s enforcement work and its efforts to combat illegal gambling. The consultation, launched by the Department for Culture, Media and Sport (DCMS) on 27 January, will remain open until 30 March and seeks input from operators, industry trade bodies, consumer organisations, local authorities and members of
Feb 24 min read
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