The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 03 Jan 2024 (EU):
The EU designated one individual and one entity under its Russia sanctions regime for the purposes of an asset freeze and travel ban.
- 22 Dec 2023 (EU):
The EU updated its Russia Sanctions FAQs by clarifying whether the transit of goods listed in Articles 2, 2a, 2aa, 3c and 3k of Council Regulation 833/2014 from the Union through Russian territory to a third country is permitted.
- 22 Dec 2023 (EU):
The EU published new Russia Sanctions FAQs to assist EU persons seeking to divest from Russia. The FAQs explain why the derogations contained in Article 12b(1) and (2) of Council Regulation 833/2014 were introduced, and how the sale of shares of a Russian subsidiary which holds goods and technologies listed in Annexes II, VII, X, XI, XVI, XX and XXIII to Council Regulation 833/2014 and Annex I of Regulation (EU) 2021/821 to a Russian buyer should be considered.
- 22 Dec 2023 (EU):
The EU updated its Russia Sanctions FAQs by publishing new guidance in respect of the diamond import ban introduced by the EU's 12th sanctions package against Russia. The FAQs provide further clarity regarding the gradual implementation of the import ban, the restrictive measures applicable to diamond jewellery, the traceability-based verification and certification mechanism, as well as the role of the Kimberley Process in connection with Article 3p of Council Regulation 833/2014.
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