EU Issues 4 New Russian Sanctions FAQs
The European Commission updated its Russian sanctions frequently asked questions pages, providing guidance on gold imports, aviation, asset freezes and oil reporting obligations. The gold imports FAQs cover why the EU introduced the import ban and what it covers, and whether processed gold, including gold jewelry, is included in the ban and if there are exceptions. The aviation FAQs include whether measures affect a non-Russian operator that operates a Russian registered aircraft, or if the ban concerns private flights owned or rented by Russian citizens or EU or third-country registered aircraft rented by Russian citizens.
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
The asset freeze FAQs include questions on the EU owner of the shares of a listed company can sell them, if EU citizens who board members of both a listed Russian/Belarusian company and an EU company should resign from one of those board and whether the employment contract of listed individuals employed by an EU financial firm be terminated. The oil reporting obligations FAQs include reporting of ancillary contracts, whether the commission could specify what use will be made of the reporting notifications and how to implement the obligation to report to the commission on one-off transactions for near-term delivery within 10 days from its execution.