NTE 2022/05: General Trade Licence Russia sanctions aviation insurance
Published 8 March 2022
Following the coming into force of the Russia (Sanctions) (EU Exit) (Amendment) (No. 6) Regulations 2022, the Export Control Joint Unit (ECJU) has published a General Licence permitting for a time-limited period the provision of certain insurance and reinsurance services relating to aviation and space goods and aviation and space technology.
Read the general trade licence.
The licence comes into force at 5pm on 8 March 2022. Any person seeking to rely on the licence must register online via SPIRE within 30 days of their first use of the licence.
New designations of individuals and Russian entities have been announced. Further sanctions may be imposed in response to events.
For any questions about the impact of these sanctions on UK businesses operating in any sector, or business operations in Ukraine or Russia, contact the Export Support Service who are providing a front line Russia sanctions support service to all businesses.
Further statutory guidance will be published when the relevant legislation is laid.