UK Lets Sanctioned Parties Make Water, Sewerage Payments
The U.K. issued a new general license under all its sanctions regimes allowing sanctioned parties, except those sanctioned by the U.N., to take funds from frozen bank accounts in the U.K. to be used for utility payments for water or…
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sewerage services. Any party can make a payment to a water company for or on behalf of a sanctioned entity or individual, and water companies are allowed to receive the payments, the license said. The water companies can also make return payments to frozen bank accounts. The license runs through Sept. 20, 2025.