“The General License has been revised to exclude from paragraph 1(h) of Regulation 28 ... This allows insurance and reinsurance to be provided to a person associated with Russia in respect of the items referred to in paragraph 1(a), subject to broader restrictions and license conditions,” the document reads.
In particular, this paragraph refers to certain aviation products and technologies, including aircraft gas turbine engines and specially designed components for them. The exemptions do not apply to military goods and technology.
Earlier, the European Union in the framework of the seventh package of sanctions also adjusted restrictions imposed on the supply of certain goods and services to the Russian aviation industry.
European countries regularly impose new restrictive measures against Moscow after the start of a special military operation in Ukraine. Thus, the EU banned the supply of civilian aircraft and spare parts to Russia, and leasing companies were obliged to break contracts with Russian airlines. Aircraft maintenance and insurance services were also banned.
President Vladimir Putin has said that the policy of containing and weakening Russia is a long-term strategy of the United States and Europe, and sanctions have dealt a serious blow to the entire global economy. At the same time, according to the head of state, current events draw a line under the global domination of the West in politics and in the economy.