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UK amends sanctions guidance on Russian food and fertiliser exports

The Office of Financial Sanctions Implementation says Russia ships and food and fertiliser cargoes are allowed for food security purposes

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The latest pronouncement clarifies that London insurers and banks can now provide insurance and trade finance under licence. However, the differences between European, US and UK sanctions and the lack of clarity about what to do if there was a US-designated entity somewhere in the chain will almost certainly curb any appetite for business 

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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