In light of the further escalation of the Russia-Ukraine conflict, the EU agreed on Friday, 25 February, on a second wave of sanctions targeting broad areas of the Russian economy and other high profile political and military leaders in Russia and Belarus. In brief, the new restrictions include: designations of Russian and Belarusian individuals;wide-ranging restrictions on trade in goods and associated services, including dual-use and various other items, and goods for the oil refining, aviation…
On February 24, 2022, the Bureau of Industry and Security (“BIS”) within the US Commerce Department (“Commerce”) issued a final rule (“Final Rule”) effective immediately that implements a sweeping series of new export control measures under the Export Administration Regulations (“EAR”) against Russia. Commerce’s press release regarding these new controls can be found here. These new US export control measures primarily target Russia’s defense, aerospace, and maritime sectors and are intended to curtail Russia’s ability…
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 Tuesday, 22 February, a meeting of the EU Foreign Affairs Ministers took place to discuss a proposed package of sanctions in response to Russia’s actions in the Donetsk and Luhansk Regions of Ukraine. After the meeting, Jean-Yves Le Drian, Minister for Europe and Foreign Affairs, and Josep Borrell, High Representative of the EU for Foreign Affairs and Security Policy, held a press conference where they confirmed the following: All 351 members of the lower…