New UK License Authorizes Business With Lukoil International
The U.K. issued a new general license under its Russia sanctions list, allowing non-sanctioned individuals or entities to continue business operations with Lukoil International, the international business arm of major Russian energy firm Lukoil, and its related subsidiaries. The license…
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runs from Nov. 27 to Feb. 26. Under the license, non-sanctioned parties may make payments to or receive payments from Lukoil and its subsidiaries under any existing or new obligations or contracts, and provide or receive economic resources from Lukoil.