“The General License has been revised to remove from paragraph 1(h) of Regulation 28 (on financial services and funds related to goods and technology, the import of which is restricted). This allows the provision of insurance and reinsurance to a person associated with Russia in respect of the items referred to in paragraph 1(a), subject to the broader restrictions and conditions of the licence,” the document reads.
This will allow Russia to obtain certain aviation goods and technologies, such as gas turbine engines.
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