Context
OFSI has updated its Russia guidance adding 3 new questions.
Key points to note
- Questions 24 to 26 further clarify how to use the food security licensing provision in the Russia (Sanctions) (EU Exit) Regulations 2019, particularly with regard to providing insurance.
- Question 24 states “Insurers may apply for a licence from OFSI under the food security purpose within the Regulations”
Next actions
None – for information and awareness.