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The second Notice to Exporters of 2024 published 18th January 2024, relates to the General Trade Licence Russia Sanctions.
The General Trade Licence has been revised to include the following within its scope:
- Regulation 46XB (import of Schedule 3DA revenue-generating goods)
- Regulation 46XD (supply and delivery of Schedule 3DA revenue-generating goods to a third country)
- Regulation 46XE (technical assistance relating to Schedule 3DA revenue-generating goods)
- Regulation 46XF (financial services and funds relating to Schedule 3DA revenue-generating goods)
- Regulation 46XG (brokering services relating to Schedule 3DA revenue-generating goods)
The licence can be found here: General Trade Licence: Russia Sanctions - Vessels
The licence comes into force immediately on the 18th of January 2024.
Anyone seeking to rely on this licence must register online via SPIRE within 30 days of their first licence use.
If you are interested in exploring this topic further, you might find it worthwhile to consider the training courses and live clinics offered by Strong & Herd LLP:
Latest Developments in Russian Sanctions Impacting Import and Export for UK Traders
Join Steve Berry, Director of Export & Import & Niamh O'Connor, Customs Advisor & Head of Communications, as they focus on implementing sanctions and how these changes will affect the supply of your goods to Russia and importing certain goods into the UK - with the new third-country processing requirements.
Focus On: Embargoes, Sanctions and End-Use Controls
This half-day session examines why companies and employees should be aware of embargoes and sanctions. Using the UK regulations as the primary guide, it will review the growth in sanctions on Russia, as well as current financial sanctions in place managed by OFSI. It concentrates mainly on the export of goods and includes a look at end-use, end-user and transit controls. Violating these controls can result in fines, reputation loss, and criminal charges.
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