UK Issues General License Under Russia Sanctions Regime Permitting Agricultural Commodities Exports
The U.K. issued a general license under its Russia sanctions regime pertaining to "transactions related to agricultural commodities including the provision of insurance and other services." The license permits agricultural commodities exporters or Department for International Trade license holders to…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
receive funds from listed individuals and entities in connection with the export, sale, production and transport of agricultural commodities. These exporters and license holders can also transfer funds to relevant institutions in connection with the export of these goods, to U.K. corporates, to designated parties and to any other individual in connection with the export of agricultural commodities. The license was issued indefinitely, though the Treasury can revoke it at any time.