Sberbank General License Amended by UK
The U.K. amended the General License applying to transactions involving sanctioned Russian bank Sberbank. The license, "Correspondent Banking Relationships & Processing Sterling Payments," was altered to allow British credit or financial institutions to continue a banking relationship with Sberbank or…
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a U.K. or non-U.K. credit or financial institution owned or controlled by Sberbank. The license expires March 31.