European Sanctions In opposition to Russia: Affect of the 14th ‘Bundle’: Decryption

The Council of the European Union adopted on June 24^th, a 14^th package deal of sanctions towards Russia, intensifying restrictive measures in response to the continuing aggression towards Ukraine and together with the next restrictions:

Export/Import of Items

• Extension of export restrictions on dual-use/superior know-how items (akin to “quadbikes,” microwave and aerial amplifiers, and digital flight information recorders).
• Extension of present export bans on industrial merchandise in 4 key sectors of the Russian battle economic system:
• Chemical compounds: manganese ores, silicon dioxide, chlorides, carbonates, uncommon earth compounds, refractory cements, battery chemical compounds.
• Plastics: all cellulose merchandise and their derivatives.
• Automobile elements, together with spare elements for vans; engines for every type of autos; and a restricted variety of automotive elements.
• Equipment and tools akin to drilling/excavation machines, pipe tools; electrical tools; displays, radios, and video/audio tools.
• Addition of 61 Russian entities and third-country entities (together with China, Turkey, and Kyrgyzstan) to the record related to the Russian military-industrial complicated.
• Ban on importing helium and modifications to guidelines on importing Russian diamonds.
• Extension of the Frequent Excessive Precedence (CHP) record to incorporate 5 HS codes regarding laptop numerical management machine instruments used for weapons manufacturing.

Provision of Providers

• A brand new ban on transshipment companies for Russian liquefied pure fuel (LNG) on EU territory. Moreover, new restrictions prohibit investments and the supply of products, applied sciences, and companies for ongoing LNG initiatives in Russia, notably Arctic LNG 2 and Murmansk LNG.
• The availability of software program and companies to Russian subsidiaries of teams established within the EU or its companion nations stays attainable till September 30, 2024; the deadline, initially set for June 20, 2024, to acquire authorization has thus been prolonged.

Anti-Circumvention

• To fight sanction circumvention, the EU now requires European mum or dad corporations to make sure that their subsidiaries in third nations don’t interact in actions geared toward circumventing sanctions. Due diligence mechanisms should be put in place to forestall the re-export of essential items for Russian army improvement.
• European operators should additionally embody contractual provisions guaranteeing that industrial know-how transferred to third-country business companions is just not used to provide items destined for Russia.

Monetary Measures

• Financially, the usage of the “System for Switch of Monetary Messages” (SPFS) developed by the Central Financial institution of Russia is now banned for EU entities working exterior Russia. This measure additionally extends to transactions with particularly listed monetary establishments and crypto-asset service suppliers facilitating transactions supporting the Russian protection industrial base.

Transport

• Ban on non-scheduled flights if a Russian particular person decides the origin or vacation spot (no matter plane possession and management).
• Ban on highway transport of products within the EU, together with transit, for EU corporations owned 25% or extra by Russians.
• Ban on entry and companies to ports for listed vessels. Particular ships contributing to the Russian battle effort, akin to these transporting army tools or stolen Ukrainian grain, are actually banned from EU ports.

Contractual Relations and Safety of EU Operators

• Concerning the “non-re-export” clause, adjustments have been made to scale back the implementation burden for EU operators:
• For contracts concluded earlier than the adoption of the 12^th package deal, the compliance deadline has been prolonged from December 20^th, 2024, to January 1^st, 2025.
• An exemption has been added for contracts concluded throughout the framework of public procurement in third nations, however such contracts should nonetheless be notified to the competent nationwide authorities.
• Iceland and Liechtenstein have been added to the record of companion nations.
• European operators can now declare compensation for damages attributable to the implementation of sanctions and expropriations. Measures are additionally deliberate to limit the acceptance of mental property rights registration requests from Russian nationals and firms.

The implementation circumstances of the 14^th package deal will doubtless be topic to new FAQs from the Fee and the DG Treasury, which our crew is intently monitoring.

Hyperlink to the Regulation: Regulation (EU) 2024/1745 of 24 June 2024 amending Regulation (EU) No 833/2014 regarding restrictive measures in view of Russia’s actions destabilising the scenario in Ukraine

***

Our crew stays at your disposal for any additional data on the e mail: dscustomsdouane@dsavocats.com.

The Council of the European Union adopted on June 24^th, a 14^th package deal of sanctions towards Russia, intensifying restrictive measures in response to the continuing aggression towards Ukraine and together with the next restrictions:

Export/Import of Items

• Extension of export restrictions on dual-use/superior know-how items (akin to “quadbikes,” microwave and aerial amplifiers, and digital flight information recorders).
• Extension of present export bans on industrial merchandise in 4 key sectors of the Russian battle economic system:
• Chemical compounds: manganese ores, silicon dioxide, chlorides, carbonates, uncommon earth compounds, refractory cements, battery chemical compounds.
• Plastics: all cellulose merchandise and their derivatives.
• Automobile elements, together with spare elements for vans; engines for every type of autos; and a restricted variety of automotive elements.
• Equipment and tools akin to drilling/excavation machines, pipe tools; electrical tools; displays, radios, and video/audio tools.
• Addition of 61 Russian entities and third-country entities (together with China, Turkey, and Kyrgyzstan) to the record related to the Russian military-industrial complicated.
• Ban on importing helium and modifications to guidelines on importing Russian diamonds.
• Extension of the Frequent Excessive Precedence (CHP) record to incorporate 5 HS codes regarding laptop numerical management machine instruments used for weapons manufacturing.

Provision of Providers

• A brand new ban on transshipment companies for Russian liquefied pure fuel (LNG) on EU territory. Moreover, new restrictions prohibit investments and the supply of products, applied sciences, and companies for ongoing LNG initiatives in Russia, notably Arctic LNG 2 and Murmansk LNG.
• The availability of software program and companies to Russian subsidiaries of teams established within the EU or its companion nations stays attainable till September 30, 2024; the deadline, initially set for June 20, 2024, to acquire authorization has thus been prolonged.

Anti-Circumvention

• To fight sanction circumvention, the EU now requires European mum or dad corporations to make sure that their subsidiaries in third nations don’t interact in actions geared toward circumventing sanctions. Due diligence mechanisms should be put in place to forestall the re-export of essential items for Russian army improvement.
• European operators should additionally embody contractual provisions guaranteeing that industrial know-how transferred to third-country business companions is just not used to provide items destined for Russia.

Monetary Measures

• Financially, the usage of the “System for Switch of Monetary Messages” (SPFS) developed by the Central Financial institution of Russia is now banned for EU entities working exterior Russia. This measure additionally extends to transactions with particularly listed monetary establishments and crypto-asset service suppliers facilitating transactions supporting the Russian protection industrial base.

Transport

• Ban on non-scheduled flights if a Russian particular person decides the origin or vacation spot (no matter plane possession and management).
• Ban on highway transport of products within the EU, together with transit, for EU corporations owned 25% or extra by Russians.
• Ban on entry and companies to ports for listed vessels. Particular ships contributing to the Russian battle effort, akin to these transporting army tools or stolen Ukrainian grain, are actually banned from EU ports.

Contractual Relations and Safety of EU Operators

• Concerning the “non-re-export” clause, adjustments have been made to scale back the implementation burden for EU operators:
• For contracts concluded earlier than the adoption of the 12^th package deal, the compliance deadline has been prolonged from December 20^th, 2024, to January 1^st, 2025.
• An exemption has been added for contracts concluded throughout the framework of public procurement in third nations, however such contracts should nonetheless be notified to the competent nationwide authorities.
• Iceland and Liechtenstein have been added to the record of companion nations.
• European operators can now declare compensation for damages attributable to the implementation of sanctions and expropriations. Measures are additionally deliberate to limit the acceptance of mental property rights registration requests from Russian nationals and firms.

The implementation circumstances of the 14^th package deal will doubtless be topic to new FAQs from the Fee and the DG Treasury, which our crew is intently monitoring.

Hyperlink to the Regulation: Regulation (EU) 2024/1745 of 24 June 2024 amending Regulation (EU) No 833/2014 regarding restrictive measures in view of Russia’s actions destabilising the scenario in Ukraine

***

Our crew stays at your disposal for any additional data on the e mail: dscustomsdouane@dsavocats.com.

The Council of the European Union adopted on June 24^th, a 14^th package deal of sanctions towards Russia, intensifying restrictive measures in response to the continuing aggression towards Ukraine and together with the next restrictions:

Export/Import of Items

• Extension of export restrictions on dual-use/superior know-how items (akin to “quadbikes,” microwave and aerial amplifiers, and digital flight information recorders).
• Extension of present export bans on industrial merchandise in 4 key sectors of the Russian battle economic system:
• Chemical compounds: manganese ores, silicon dioxide, chlorides, carbonates, uncommon earth compounds, refractory cements, battery chemical compounds.
• Plastics: all cellulose merchandise and their derivatives.
• Automobile elements, together with spare elements for vans; engines for every type of autos; and a restricted variety of automotive elements.
• Equipment and tools akin to drilling/excavation machines, pipe tools; electrical tools; displays, radios, and video/audio tools.
• Addition of 61 Russian entities and third-country entities (together with China, Turkey, and Kyrgyzstan) to the record related to the Russian military-industrial complicated.
• Ban on importing helium and modifications to guidelines on importing Russian diamonds.
• Extension of the Frequent Excessive Precedence (CHP) record to incorporate 5 HS codes regarding laptop numerical management machine instruments used for weapons manufacturing.

Provision of Providers

• A brand new ban on transshipment companies for Russian liquefied pure fuel (LNG) on EU territory. Moreover, new restrictions prohibit investments and the supply of products, applied sciences, and companies for ongoing LNG initiatives in Russia, notably Arctic LNG 2 and Murmansk LNG.
• The availability of software program and companies to Russian subsidiaries of teams established within the EU or its companion nations stays attainable till September 30, 2024; the deadline, initially set for June 20, 2024, to acquire authorization has thus been prolonged.

Anti-Circumvention

• To fight sanction circumvention, the EU now requires European mum or dad corporations to make sure that their subsidiaries in third nations don’t interact in actions geared toward circumventing sanctions. Due diligence mechanisms should be put in place to forestall the re-export of essential items for Russian army improvement.
• European operators should additionally embody contractual provisions guaranteeing that industrial know-how transferred to third-country business companions is just not used to provide items destined for Russia.

Monetary Measures

• Financially, the usage of the “System for Switch of Monetary Messages” (SPFS) developed by the Central Financial institution of Russia is now banned for EU entities working exterior Russia. This measure additionally extends to transactions with particularly listed monetary establishments and crypto-asset service suppliers facilitating transactions supporting the Russian protection industrial base.

Transport

• Ban on non-scheduled flights if a Russian particular person decides the origin or vacation spot (no matter plane possession and management).
• Ban on highway transport of products within the EU, together with transit, for EU corporations owned 25% or extra by Russians.
• Ban on entry and companies to ports for listed vessels. Particular ships contributing to the Russian battle effort, akin to these transporting army tools or stolen Ukrainian grain, are actually banned from EU ports.

Contractual Relations and Safety of EU Operators

• Concerning the “non-re-export” clause, adjustments have been made to scale back the implementation burden for EU operators:
• For contracts concluded earlier than the adoption of the 12^th package deal, the compliance deadline has been prolonged from December 20^th, 2024, to January 1^st, 2025.
• An exemption has been added for contracts concluded throughout the framework of public procurement in third nations, however such contracts should nonetheless be notified to the competent nationwide authorities.
• Iceland and Liechtenstein have been added to the record of companion nations.
• European operators can now declare compensation for damages attributable to the implementation of sanctions and expropriations. Measures are additionally deliberate to limit the acceptance of mental property rights registration requests from Russian nationals and firms.

The implementation circumstances of the 14^th package deal will doubtless be topic to new FAQs from the Fee and the DG Treasury, which our crew is intently monitoring.

Hyperlink to the Regulation: Regulation (EU) 2024/1745 of 24 June 2024 amending Regulation (EU) No 833/2014 regarding restrictive measures in view of Russia’s actions destabilising the scenario in Ukraine

***

Our crew stays at your disposal for any additional data on the e mail: dscustomsdouane@dsavocats.com.

The Council of the European Union adopted on June 24^th, a 14^th package deal of sanctions towards Russia, intensifying restrictive measures in response to the continuing aggression towards Ukraine and together with the next restrictions:

Export/Import of Items

• Extension of export restrictions on dual-use/superior know-how items (akin to “quadbikes,” microwave and aerial amplifiers, and digital flight information recorders).
• Extension of present export bans on industrial merchandise in 4 key sectors of the Russian battle economic system:
• Chemical compounds: manganese ores, silicon dioxide, chlorides, carbonates, uncommon earth compounds, refractory cements, battery chemical compounds.
• Plastics: all cellulose merchandise and their derivatives.
• Automobile elements, together with spare elements for vans; engines for every type of autos; and a restricted variety of automotive elements.
• Equipment and tools akin to drilling/excavation machines, pipe tools; electrical tools; displays, radios, and video/audio tools.
• Addition of 61 Russian entities and third-country entities (together with China, Turkey, and Kyrgyzstan) to the record related to the Russian military-industrial complicated.
• Ban on importing helium and modifications to guidelines on importing Russian diamonds.
• Extension of the Frequent Excessive Precedence (CHP) record to incorporate 5 HS codes regarding laptop numerical management machine instruments used for weapons manufacturing.

Provision of Providers

• A brand new ban on transshipment companies for Russian liquefied pure fuel (LNG) on EU territory. Moreover, new restrictions prohibit investments and the supply of products, applied sciences, and companies for ongoing LNG initiatives in Russia, notably Arctic LNG 2 and Murmansk LNG.
• The availability of software program and companies to Russian subsidiaries of teams established within the EU or its companion nations stays attainable till September 30, 2024; the deadline, initially set for June 20, 2024, to acquire authorization has thus been prolonged.

Anti-Circumvention

• To fight sanction circumvention, the EU now requires European mum or dad corporations to make sure that their subsidiaries in third nations don’t interact in actions geared toward circumventing sanctions. Due diligence mechanisms should be put in place to forestall the re-export of essential items for Russian army improvement.
• European operators should additionally embody contractual provisions guaranteeing that industrial know-how transferred to third-country business companions is just not used to provide items destined for Russia.

Monetary Measures

• Financially, the usage of the “System for Switch of Monetary Messages” (SPFS) developed by the Central Financial institution of Russia is now banned for EU entities working exterior Russia. This measure additionally extends to transactions with particularly listed monetary establishments and crypto-asset service suppliers facilitating transactions supporting the Russian protection industrial base.

Transport

• Ban on non-scheduled flights if a Russian particular person decides the origin or vacation spot (no matter plane possession and management).
• Ban on highway transport of products within the EU, together with transit, for EU corporations owned 25% or extra by Russians.
• Ban on entry and companies to ports for listed vessels. Particular ships contributing to the Russian battle effort, akin to these transporting army tools or stolen Ukrainian grain, are actually banned from EU ports.

Contractual Relations and Safety of EU Operators

• Concerning the “non-re-export” clause, adjustments have been made to scale back the implementation burden for EU operators:
• For contracts concluded earlier than the adoption of the 12^th package deal, the compliance deadline has been prolonged from December 20^th, 2024, to January 1^st, 2025.
• An exemption has been added for contracts concluded throughout the framework of public procurement in third nations, however such contracts should nonetheless be notified to the competent nationwide authorities.
• Iceland and Liechtenstein have been added to the record of companion nations.
• European operators can now declare compensation for damages attributable to the implementation of sanctions and expropriations. Measures are additionally deliberate to limit the acceptance of mental property rights registration requests from Russian nationals and firms.

The implementation circumstances of the 14^th package deal will doubtless be topic to new FAQs from the Fee and the DG Treasury, which our crew is intently monitoring.

Hyperlink to the Regulation: Regulation (EU) 2024/1745 of 24 June 2024 amending Regulation (EU) No 833/2014 regarding restrictive measures in view of Russia’s actions destabilising the scenario in Ukraine

***

Our crew stays at your disposal for any additional data on the e mail: dscustomsdouane@dsavocats.com.