British authorities are allowing payments to a Russian financial institution to safeguard Europe’s gas supply The United Kingdom has granted a license for continued payments to Russia’s Gazprombank for more than a month, despite sanctions imposed on the firm and dozens of other Russian banks last month. London’s Office of Financial Sanctions Implementation (OFSI) issued the sanctions waiver on Thursday for “the purpose of making gas available for use in the European Union,” noting that the license expires on May 31. The license applies to contracts agreed prior to Thursday with Gazprombank and its subsidiaries, an
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