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FCDO updates Russian sanctions guidance insurance and reinsurance prohibition

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Published on: 21 June 2022

Published by LNB News

LNB News 21/06/2022

Document Information

Issue Date: 21 June 2022

Published Date: 21 June 2022

Jurisdiction(s): England, Northern Ireland, Scotland, Wales and Russian Federation

Article summary

The Foreign, Commonwealth & Development Office (FCDO) has updated its guidance on the Russia (Sanctions) (EU Exit) Regulations 2019 to clarify the application of the prohibitions on providing insurance and reinsurance services in relation to aviation and space goods and technology. The prohibitions apply to the direct or indirect provision of insurance and reinsurance services (1) to persons ‘connected with Russia’ or (2) for use in Russia.

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