UK ECJU removed the provision of intra-corporate services from the Statutory Guidance

Oct 15 2024

Sanctions Updates

On 30 September, the Export Control Joint Unit (ECJU) of the Department for Business & Trade published a notice NTE 2024/26: update on Russia sanctions licencing for intra-corporate services.

The Notice states that from 31 October 2024 the provision of intra-corporate services is no longer going to constitute a licencing ground for the purpose of the UK sanctions regime against Russia.

For any companies that are willing to provide intra-corporate services to their subsidiaries based in Russia, a licence application should be made, indicating how the provision of any ongoing services aligns with the purposes of sanctions regulations as provided in the regulation 4 of the Russia (Sanctions) (EU Exit) Regulations 2019. 

This change would not affect licence applications submitted before 31 October 2024.

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The information in this blog is for general information purposes only and does not purport to be comprehensive or to provide legal advice. Whilst every effort is made to ensure the information and law is current as of the date of publication it should be stressed that, due to the passage of time, this does not necessarily reflect the present legal position. Gherson accepts no responsibility for loss which may arise from accessing or reliance on information contained in this blog. For formal advice on the current law please do not hesitate to contact Gherson. Legal advice is only provided pursuant to a written agreement, identified as such, and signed by the client and by or on behalf of Gherson.

©Gherson 2024

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