The Export Control Organisation (ECO) has published an FAQ to assist exporters in understanding the implications of the recent sanctions that were imposed in respect of Russia under Council Regulation (EU) No 833/2014 (the “Regulation”). UK BIS is currently reviewing extant licences to ensure they are consistent with the Regulation and will contact licence holders directly if they are affected by the new sanctions. The FAQ further provides information on how exporters may apply for a…

In line with the recent implementation of Council Regulation (EU) No 833/2014, UK BIS has published a notice that the Export Control Organisation (ECO) has added Russia to the list of non-permitted destinations in a number of export licences.   Please click here to view affected licences. 

On August 12, 2014, the German export control authority, the Federal Office for Economics and Export Control (Bundesamt für Wirtschaft und Ausfuhrkontrolle – “BAFA”) published a guidance document clarifying some of the export control questions raised by the new sanctions which the EU has adopted against Russia. BAFA has also established a telephone hotline for questions concerning exports to Russia and related export licensing requirements. The most important points that the new guidance document addresses are the…

The UK has implemented Council Regulation (EU) No. 833/2014 of 31 July 2014 through The Ukraine (European Union Financial Sanctions) (No.3) Regulations 2014. The latter is in force as of 1 August 2013 and can be accessed here. HM Treasury has also published additional guidance regarding restrictions related to transferable securities or money-market instruments, the arms embargo, the export ban on dual-use goods for military end users and the measures to curtail access to certain technologies. This guidance is available…