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UK Eases Sanctions Related to Insurance in Aviation Industry for Persons Linked to Russia

© Sputnik / Vitaly AnkovAirbus A330-300 of iFly Airlines, being prepared for a flight from Vladivostok to Sochi, at Vladivostok airport
Airbus A330-300 of iFly Airlines, being prepared for a flight from Vladivostok to Sochi, at Vladivostok airport - Sputnik International, 1920, 01.08.2022
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MOSCOW, (Sputnik) - The United Kingdom has relaxed sanctions in the aviation industry for individuals linked to Russia, the UK Department for International Trade said on Monday.

"The General Licence has been revised to remove Regulation 28 (financial services and funds related to restricted goods and restricted technology) from paragraph 1(h). This enables the provision of insurance and reinsurance to a person connected with Russia in relation to the items in paragraph 1 (a), subject to the wider restrictions and conditions of the licence," the notice read.

In particular, it applies to certain aviation equipment and technology, including aircraft gas turbine engines and components specifically designed for them. The exemption does not apply to military goods and technology.
Ukrainian servicemen unpack Javelin anti-tank missiles, delivered as part of the United States of America's security assistance to Ukraine, at the Borispol airport, outside Kiev, Ukraine, Friday, Feb. 11, 2022 - Sputnik International, 1920, 20.07.2022
Russia
EU Envoys to Approve New Sanctions on Russia, Military Assistance for Ukraine on Wednesday
On July 21, the European Union also adjusted some restrictions related to the Russian aviation industry. Notably, the technical assistance to Russia for aviation goods and technology was permitted, with prohibition on any transactions with Russian public entities being "slightly amended to ensure access to justice."
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