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Geert Bovy

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On February 24, 2022, each of the three Belgian Regions (the Flemish, Walloon and Brussels Regions) announced that all export licenses issued by their services with Russia as destination country or country of end-use will be temporarily suspended. The suspension will be evaluated on a day-to-day basis. The Flemish Strategic Goods Control Unit, which is responsible for issuing licenses for the export of military and dual-use items in the Flemish Region, indicated that for transactions…

On 21 May 2019, the Belgian Act of 2 May 2019 including various financial provisions was published in the Belgian Official Gazette. Title VII The aforementioned act contains a Title VII, implementing the EU Blocking Regulation 2271/96 in Belgium. Under the EU Blocking Regulation, the EU operators are in principle prohibited to comply with the (U.S. Iran – Cuba) sanctions, as specified in its annex. They can, however, be authorised to comply with the sanctions…