UK Renews Russia Sanctions License Allowing Payments to Charities

The U.K. this week renewed its Russia sanctions license that authorizes certain payments to charities linked to sanctioned parties. The license authorizes transactions by interim managers or trustees appointed by the Charity Commission for England and Wales. Under the license, which now runs through May 30, 2028, interim managers or trustees may authorize payments for the basic needs of the charity, to disperse charitable funds and to "wind up" the charity. The license was scheduled to expire May 30.