UK Sanctions UAE Companies Dealing in Russian Energy, Issues General License

The U.K. on July 21 sanctioned United Arab Emirates-based companies Intershipping Services and Litasco Middle East DMCC for doing business involving the Russian energy sector. The Office of Financial Sanctions Implementation also issued a new general license that authorizes certain transactions with Intershipping Services involving ships owned by the government of Gabon.

In addition, OFSI amended the identifying information of entries for two other listings under its Russia sanctions regime: businessperson Yegor Yurievich Karasev and OJSC Keremet Bank.