OFAC Sanctions Communication

Dear Sirs,


We would like to inform you that all our (Veles International Limited’s) accounts with our bankers and custodians have been restricted following updated OFAC sanctions on 24th February 2023. As a result, all our clients’ assets (this includes all securities, cash, entitlements and other interests) have also been restricted.

Together with our bankers and custodians involved, we are currently assessing the impact and measures that will allow us to fully safeguard the interests of our clients in their assets held by us in custody.

Please note that we will not accept any deposits of new assets until the situation is resolved.

We will keep you informed on any further developments with respect of the above.


Yours sincerely,

Ganna Dotsa, Chief Executive Officer