UK License Authorizes Wind-Down Transactions With Russian Oil Companies
The U.K. on Dec. 18 issued a new Russia-related general license allowing certain wind-down transactions with Russian oil companies Russneft, Tatneft, Rusneftegaz Group, NNK-Oil and any of their subsidiaries. The license also authorizes "the closing out of any positions" involving those entities. It expires 11:59 p.m. on Jan. 31.
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