The UK’s Office of Financial Sanctions Implementation (OFSI) has authorized payments to Gazprombank or its subsidiaries under contracts for gas supplies to the European Union.

The license covers servicing of contracts signed before its effective date (April 21) and is valid until May 31, 2022, OFSI said.

GPB was placed on the UK sanctions list on March 24. OFSI’s standard license to complete transactions with GPB and four other banks that became listed on that day expires this Saturday.