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About the new OFSI General License…

When I first got notice of the General License INT/2020/059 issued under the UK’s The Russia (Sanctions) (EU Exit) Regulations 2019, I thought “oh, wow! Something new and novel.” And, don’t get me wrong – there’s a lot to like in it, like the prior notification and reporting requirements.

But it’s not novel – it’s a derogation (in the US, we’d call it an exemption or a carve-out) issued in Council Regulation (EU) 2017/1547, which modified the base regulation Council Regulation (EU) No 269/2014…

Can you tell Mr. Watchlist had way too much time on his hands during his time off? Darn COVID…

Links:

Council Regulation (EU) No 269/2014

Council Regulation (EU) 2017/1547

General License INT/2020/059

The Russia (Sanctions) (EU Exit) Regulations 2019

Categories: EU Updates Licenses OFSI Updates Russia sanctions

eric9to5

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