EU U-TURNS ON GLOBAL TRANSFER RESTRICTIONS OF RUSSIAN COAL, FERTILISERS AND OTHER GOODS

On 21 September, Reed Smith reported on new FAQ on 19 September, which reverse the controversial expansion of restrictions imposed on certain coal, fertiliser and other Russian-origin goods on 10 August.  These FAQ clarify that restrictions on certain fertiliser and coal products (among others) do not include a ban on their transfer to third countries, and associated insurance and brokering arrangements.  It says that the EU has clarified that certain goods are now permitted to be transferred (including transported) to non-EU countries to mitigate food and energy insecurity.  The EU has also amended a FAQ to clarify that relevant services (such as financial assistance including brokering or insurance) tied to the transfer of the above-listed goods to third countries via EU operators or the EU territory are now permitted.

https://www.mondaq.com/uk/export-controls-trade-investment-sanctions/1232242/eu-u-turns-on-global-transfer-restrictions-of-russian-coal-fertilisers-and-other-goods-

Any modest contributions for my time and ongoing expenses are welcomed! 

At Buy me a Coffee single contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: