UK Renews, Revises Russia-Related General License
The U.K.'s Office of Financial Sanctions Implementation renewed a Russia-related license this week that authorizes certain payments involving sanctioned credit or financial institutions. The license, which was set to expire Nov. 6, was extended for two years through Nov. 7,…
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2027. OFSI also revised the definition of "designated credit or financial institution" and the license's reporting requirements.