The UK government has announced changes to the Russian sanctions regime relating to the licensing of in-house services. “The government has decided to withdraw licensing consideration in relation to the provision of such services by a UK parent company and its UK subsidiary to its Russian subsidiary,” it said.
This means that UK companies will no longer be able to apply for licenses to provide intra-company services to their Russian subsidiaries.
A notice to exporters (“NTEs”) states that from 31 October 2024, the provision of in-house services will no longer be listed in statutory guidance as a licensing consideration that may meet the objectives of the sanctions regime. On 30 September, the Export Control Joint Unit (“ECJU”) and the Department of Business and Trade (“DBT”).
It said the decision was taken “following a review of sanctions on professional and business services under Article 54C of the Russia (Sanctions) (EU Withdrawal) Regulations 2019” (the “Russia Sanctions Regulations”). “
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