Today, the UK has designated JSC Bank Novikombank, prohibiting correspondent banking relationships with the bank, imposing an asset freeze, and trusts services sanctions.
General licence – INT/2023/4078352 has been issued allowing for the processing of payments for winding down with a “newly designated bank” (i.e. a bank designated after 13 December 2023) until 22 December 2023.
27 entries on the Russia list have been amended to include in the “other information” section that “the prohibition on correspondent banking relationships etc. measure was imposed on 15/12/2023”.