Just a recap of the new export restrictions placed on Russia by the EU. The highlights:
- An arms embargo. The UK interprets the arms embargo as applying to all items on the UK Military List. There are related prohibitions on the provision of technical assistance, financing and financial assistance, and brokering services. The embargo also bans the purchase, import or transport of military goods from Russia.
- A prohibition on supply of dual-use items which are or may be intended for military end-use or for a military end-user in Russia. There are also related prohibitions on the provision of technical assistance, financing and financial assistance, and brokering services. These prohibitions do not apply to items intended for civil end-use and civil end-users. Export licence applications for items intended for purely civil end-use will continue to be assessed on a case-by-case basis in the usual way.
- An export licence will be required for the export of certain energy-related equipment and technology to Russia (or any other country if such equipment or technology is for use in Russia). The goods and technologies affected are listed in Annex II to Council Regulation 833/2014. A licence will not be granted if there are reasonable grounds to determine that the export is for projects pertaining to deep water oil exploration and production, Arctic oil exploration and production, or shale oil projects in Russia. Further information on these new measures is provided below.
And some FAQ-style info from the Notice:
Do these sanctions prohibit all engagement in the Russian shale, arctic and deep water sectors?
There are restrictions on the provision of technical assistance, brokering services and financing and financial services relating to the identified technologies. While the Government can give general advice and guidance about the scope of these new restrictions and how to comply with them, we cannot give legal advice – companies requiring legal advice should make their own arrangements.
Links:
Council Decision 2014/512/CFSP
Council Regulation (EU) No 833/2014
Posted with BlogsyFiled under: EU Updates, Export Control, Russia sanctions, Sanctions Regulations, Ukraine sanctions
