UK Issues GL for Certain Energy Payments Involving Sanctioned Russian Banks
The U.K.’s Office of Financial Sanctions Implementation this week issued a new general license to allow certain transactions related to energy use in Mongolia. The license will allow certain payments to certain sanctioned banks -- including the Credit Bank of…
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Moscow, Gazprombank, Sberbank and Rosbank -- or their subsidiaries “for the purpose of making energy available” in Mongolia. The license took effect Aug. 15 and will expire Aug. 14, 2023.