EU GUIDANCE ON INSULATING AGRICULTURAL TRADE OPERATIONS FROM THE CONTROL OF DESIGNATED PERSONS

On 4 May, the EU Sanctions blog advised of guidance on ‘firewalls’ which allow non-designated EU entities controlled by EU-designated persons to continue their business operations in the trade in agricultural and food products, including wheat and fertilisers. The EU Commission says that several cases concerning the trade in agricultural and food products, including wheat and fertilisers, have been brought to its attention in the past months, and it is necessary to ensure that those cases may not lead to food insecurity around the globe.

https://www.europeansanctions.com/2023/05/eu-commission-publishes-guidance-on-insulating-eu-agricultural-trade-operations-from-the-control-of-designated-persons/

https://finance.ec.europa.eu/system/files/2023-05/230503-guidance-firewalls_en.pdf

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 View all posts by raytodd2017