Selling Software for the O&G Industry into CIS/Russia

Question

We write our own technical software that enables O&G companies to extract oil with less risk. I have read numerous sanctions regarding selling to Russia and I wanted to ask if anyone had a definitive answer to whether my company requires a licence or not or whether we are free to sell versions of the software through our distributor into the CIS/Russian market. I have been told recently that software is specifically not covered under this exclusion.

Answer

It is highly unlikely that this software is affected by the sanctions, which have been applied so as not to damage business interests except in some very specific and well defined areas, such as sub-arctic drilling. We have oil and gas specialists on our team, as well as people on the ground in Russia, Turkmenistan, Azerbaijan and Kazakhstan. If you need any more help or advice then please feel free to contact me: david@albionoverseas.com www.albionoverseas.com

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