On December, 18 2023 the Council of the European Union adopted the twelfth bundle of sanctions in opposition to Russia.
I. New registrations on the record of individuals and entities topic to sanctions: 140 new individuals and entities
Individuals and entities focused belong, specifically, to the next sectors:
- The Russian military and protection together with non-public army corporations;
- Info know-how sector.
Is also masking:
- The individuals who orchestrated the latest unlawful “elections” within the Ukrainian territories;
- These accountable for the pressured “re-education” of Ukrainian youngsters;
- Folks spreading disinformation/propaganda.
II. Commerce measures: new bans and restrictions on import/export
A. Ban on the importation of Russian diamonds
The beginning of this ban totally different relying on the character of the imported diamonds:
- By January 1, 2024 on the newest: non-industrial diamonds, mined, processed or produced, in Russia;
- From March 1, 2024: Russian diamonds polished in a 3rd nation;
- From September 1, 2024: laboratory diamonds, jewellery and watches containing diamonds.
To make sure the effectiveness of those measures, a traceability mechanism will likely be put in place. This mechanism will, for instance, impose a registration obligation.
B. Prohibition of imports of uncooked supplies supposed for the manufacturing of metal, processed aluminum merchandise and different metallic merchandise
Regarding metal uncooked supplies, the measures will apply in full after a transitional interval of 12 months for the execution of current contracts, or after a interval of two years throughout which a sure quantity of imports would nonetheless be licensed to be able to give corporations of the EU the time needed to search out different sources.
C. Restrictions on the export of dual-use items and superior technological and industrial items
These restrictions relate to:
- New export controls on numerous merchandise (chemical compounds, engines, spare components, and so on.);
- New export bans on industrial merchandise from the EU (processed metal, batteries, and so on.);
- Addition of 29 Russian and third nation entities to the record of entities related to the Russian military-industrial advanced;
- Prohibition on offering enterprise and design software program to the Russian authorities or Russian corporations.
It will likely be added at Article 5n of Regulation 833/2014.
III. Strengthening restrictions on freezing property
- New standards for inclusion on the record of individuals and entities topic to sanctions: the target is to stop an individual from benefiting from losses suffered by EU corporations when their subsidiaries are acquired by Russian house owners/leaders;
- Authorization to take care of deceased individuals on the record of individuals and entities topic to freezing;
- Bolstered obligation of Member States on the traceability of the property of a listed individual with the purpose of combating circumvention.
IV. Measures within the area of power
- Tightening of the cap on oil costs, specifically by means of strengthened management of the sale of tankers to 3rd international locations and request for extra detailed certificates.
- Ban on the import of liquefied petroleum gasoline (LPG), impacting annual imports value greater than €1 billion.
V. Strengthening anti-circumvention measures
- Increasing the scope of the ban on transit by means of Russia;
- “No Russia clause”: Obligation for operators to contractually prohibit re-export for sure delicate items and applied sciences resembling items within the area of aviation;
- Added a brand new measure that may make necessary “the notification of sure transfers of funds exterior the EU, originating from EU entities immediately or not directly owned greater than 40% by Russians or entities established in Russia. “.
VI. Different measures: addition of sure exemptions
The target of those new exemptions is:
- To take into consideration circumstances wherein Member States resolve to deprive, within the public curiosity, an individual on the record of funds or financial sources;
- Enable the fee of compensation by an insurance coverage firm not too long ago included on the record;
- Enable the sale of EU corporations owned by sure listed people or entities.
The DS Avocats Customs and Worldwide Commerce staff is at your disposal to offer you any extra info.
CONTACT US:
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On December, 18 2023 the Council of the European Union adopted the twelfth bundle of sanctions in opposition to Russia.
I. New registrations on the record of individuals and entities topic to sanctions: 140 new individuals and entities
Individuals and entities focused belong, specifically, to the next sectors:
- The Russian military and protection together with non-public army corporations;
- Info know-how sector.
Is also masking:
- The individuals who orchestrated the latest unlawful “elections” within the Ukrainian territories;
- These accountable for the pressured “re-education” of Ukrainian youngsters;
- Folks spreading disinformation/propaganda.
II. Commerce measures: new bans and restrictions on import/export
A. Ban on the importation of Russian diamonds
The beginning of this ban totally different relying on the character of the imported diamonds:
- By January 1, 2024 on the newest: non-industrial diamonds, mined, processed or produced, in Russia;
- From March 1, 2024: Russian diamonds polished in a 3rd nation;
- From September 1, 2024: laboratory diamonds, jewellery and watches containing diamonds.
To make sure the effectiveness of those measures, a traceability mechanism will likely be put in place. This mechanism will, for instance, impose a registration obligation.
B. Prohibition of imports of uncooked supplies supposed for the manufacturing of metal, processed aluminum merchandise and different metallic merchandise
Regarding metal uncooked supplies, the measures will apply in full after a transitional interval of 12 months for the execution of current contracts, or after a interval of two years throughout which a sure quantity of imports would nonetheless be licensed to be able to give corporations of the EU the time needed to search out different sources.
C. Restrictions on the export of dual-use items and superior technological and industrial items
These restrictions relate to:
- New export controls on numerous merchandise (chemical compounds, engines, spare components, and so on.);
- New export bans on industrial merchandise from the EU (processed metal, batteries, and so on.);
- Addition of 29 Russian and third nation entities to the record of entities related to the Russian military-industrial advanced;
- Prohibition on offering enterprise and design software program to the Russian authorities or Russian corporations.
It will likely be added at Article 5n of Regulation 833/2014.
III. Strengthening restrictions on freezing property
- New standards for inclusion on the record of individuals and entities topic to sanctions: the target is to stop an individual from benefiting from losses suffered by EU corporations when their subsidiaries are acquired by Russian house owners/leaders;
- Authorization to take care of deceased individuals on the record of individuals and entities topic to freezing;
- Bolstered obligation of Member States on the traceability of the property of a listed individual with the purpose of combating circumvention.
IV. Measures within the area of power
- Tightening of the cap on oil costs, specifically by means of strengthened management of the sale of tankers to 3rd international locations and request for extra detailed certificates.
- Ban on the import of liquefied petroleum gasoline (LPG), impacting annual imports value greater than €1 billion.
V. Strengthening anti-circumvention measures
- Increasing the scope of the ban on transit by means of Russia;
- “No Russia clause”: Obligation for operators to contractually prohibit re-export for sure delicate items and applied sciences resembling items within the area of aviation;
- Added a brand new measure that may make necessary “the notification of sure transfers of funds exterior the EU, originating from EU entities immediately or not directly owned greater than 40% by Russians or entities established in Russia. “.
VI. Different measures: addition of sure exemptions
The target of those new exemptions is:
- To take into consideration circumstances wherein Member States resolve to deprive, within the public curiosity, an individual on the record of funds or financial sources;
- Enable the fee of compensation by an insurance coverage firm not too long ago included on the record;
- Enable the sale of EU corporations owned by sure listed people or entities.
The DS Avocats Customs and Worldwide Commerce staff is at your disposal to offer you any extra info.
CONTACT US:
