By Maya Lester QC & Michael O’Kane

OFSI issues GL for Mongolia energy payments to Russian banks

OFSI yesterday issued General Licence (GL) INT/2022/2085212, “Mongolia Energy Payments” (Notice), which authorises until 14 August 2023 a person / entity to make payments to Credit Bank of Moscow, Gazprombank, Sberbank or Rosbank PJSC, or a subsidiairy of any of these, for the purpose of making energy available for use in Mongolia. A person / entity, Relevant Institution or subsidiary …

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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