Considering That February 2022, following the break out of the war versus Ukraine, the EU embraced its 11 th round of sanctions versus Russia on 23 June 2023.
The most recent sanctions plan centres around a recently presented anti-circumvention tool, explained by the European Commission as a procedure of last hope that “will permit the EU to limit the sale, supply, transfer or export of defined sanctions products and innovation to specific 3rd nations whose jurisdictions are thought about to be at ongoing and especially high threat of circumvention”.
Although the Council has actually not yet recognized the particular 3rd nations and items worried, this brand-new tool presents the capacity for such classifications. In the wake of to the 11 th sanctions plan, the European Commission has actually released 2 different item lists to support due diligence and reliable compliance, by exporters and targeted anti-circumvention actions by customizeds and enforcement companies of 3rd nations figured out to avoid circumvention through their areas.
Our attorneys dive much deeper into the 2 item lists in their most current publication