PJSC National Bank Trust & Anor v Boris Mints & Ors [2023] EWHC 118 – 27 January 2023 (Cockerill J)

Further to the implementation of sanctions against Russian entities after the invasion of Ukraine, the Defendants in a fraud litigation applied for a stay of the proceedings and release from existing freezing orders against them. The Court dismissed the application by holding that (i) sanctioned claimants can sue for and pay damages; (ii) judgment can lawfully be entered in their favour; (ii) payment of costs to and by them and security for costs to be provided by them are licensable activities.