The UK sanctions authority has relaxed a temporary licence for Lukoil International and its subsidiaries, allowing payments to be made into unblocked accounts of the Austrian arm of Russia's Lukoil.
Lukoil. Photo: Getty Images
The UK sanctions authority has relaxed a temporary licence for Lukoil International and its subsidiaries, allowing payments to be made into unblocked accounts of the Austrian arm of Russia's Lukoil.
Source: Reuters
Details: The Office of Financial Sanctions Implementation (OFSI) has removed from the licence the requirement to route funds into frozen accounts. The authority did not explain the reason for the change.
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