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EU Sanctions against Russia

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Earlier today the Council of the European Union published the conclusions of its Foreign Affairs Council meeting on Ukraine. The Council indicated that it will continue to monitor and assess the sanctions that have already been imposed and remains ready to consider further restrictions “in light of the evolution of the situation on the ground.” Please click here to view the Council conclusions in full.

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…

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…