UK Issues Russia-Related General License for Payments of Contractual Obligations
The U.K. this week issued a general license under its Russia and Belarus sanctions regimes authorizing certain funds transfers to a U.K. individual or entity for the purposes of satisfying a contractual obligation. The license, which runs until Nov. 21,…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
features certain conditions, including that the payment must be for the benefit of a U.K. party and the total value of the funds cannot exceed about $248,561. The license also includes a reporting requirement.