UK Issues Credit Bank of Moscow General License, Updates Sberbank License
The U.K. issued a new general license related to the mounting Russia sanctions, permitting until May 6 a wind-down period for positions with Credit Bank of Moscow. The license says that an individual can slowly drop its transactions, including closing…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
out of any positions, to which it is a party involving the bank or one of its subsidiaries. The U.K. also updated the general license pertaining to winding down positions with Sberbank. The update said the bank remains under an asset freeze, but payments related to energy products for use in the U.K. can continue to be used.