Starting from 31 October 2024, intra-corporate services will no longer be considered as grounds for licensing under the existing sanctions framework. This means that UK companies will no longer automatically receive licences for providing services to their Russian subsidiaries.

However, the Secretary of State retains the discretion to issue licences in exceptional cases. Businesses must demonstrate that any services provided align with the broader goals of the sanctions regime.

Companies can still apply for licences using other relevant criteria in the guidance, and applications made before 31 October 2024 will not be affected by these changes.

The official notice can be found here.