EU’s lastest sanctions against Russia take affect

15 September 2014

Exporters need to be aware of the latest EU sanctions against Russia which took affect last week (Sept 12).

Among the latest sanctions are an extension of the ban on the sale, supply, transfer or export of dual-use items, and providing technical assistance, finance, financial help and brokering services for the sale or supply of dual-use items as set out in earlier sanctions.

Among exemptions are the aeronautics and space industry for non-military use and non-military end-users and for the maintenance and safety of existing civil nuclear capabilities within the EU.

The new measures do not apply to the carrying out of contracts completed before 12 September 2014.

There is also a ban on providing drilling, well testing, logging and completion services and the supply of specialised floating vessels for deep-water and arctic oil exploration and production or shale oil projects in Russia.

An exemption to this ban applies where the services are needed for the urgent prevention, or mitigation, of “an event likely to have a serious impact on human health and safety or the environment” as well as for executing an obligation arising from a contract, or framework agreement, finished before Sept 12.

There is an also an extension of the ban on providing finance, or financial assistance, for the supply of items on the EU Common Military List to include insurance and re-insurance.

For further details of strategic export controls, businesses should contact:

Export Control Oraganization, Department for Business, Innovation and Skills
1 Victoria Street, London
Tel: 020 7215 4594   Fax: 020 7215 2635

More information on export controls is available on the ECO pages of the GOV.UK website, also the SPIRE Export Licensing Database.

As part of the move to GOV. UK, all previous Notices to Exporters have been filed at the National Archives.

Follow Chamber International on Twitter @ChamberInt.