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IHS Markit can confirm two new regional trade control
regulations have been added to the Trade Compliance Secure product.
The European Union (EU) Russian Sanctions List and Belarus
Restrictive Goods List have been added to further enhance the
products risk and compliance offering, allowing users to verify
cargo due diligence against additional export control lists.
EU Russian Sanctions
In 2014 the EU enforced sanctions on Russia, following the
annexation of Crimea. In retaliation to Russia's military invasion,
the EU implemented measures prohibiting the direct or indirect
import, export or transfer of all defence-related material and
established a ban on dual-use goods for military use or
military-end users in Russia. The sanctions were enforced to
restrict Russian access to certain goods and sensitive technologies
that could be used in the Russian energy sector, specifically oil
and gas production and exploration. Examples of the types of goods
sanctioned include:
HS: 73042200' - 'Drill pipe, seamless, of stainless
steel, of a kind used in drilling for oil or gas
HS: 82071300' - 'Rock-drilling or earth-boring tools,
interchangeable, with working parts of sintered metal carbides or
cermet
The sanctions also covered any method of financial assistance
given to Russian entities, placing certain individuals and entities
on an additional watchlist. To date, the sanctions still exist;
after a bi-annual review, the European Union have extended the
restrictions to the beginning of 2022, when another review will
take place.
Belarus Restrictive Goods List
The Belarus Restrictive Goods List adopts the export control
items documented in the EU Dual-Use Goods and Military regulations,
whilst additionally including restrictions on the transfer of
certain petroleum products, potassium chloride ('potash') and goods
used for the production or manufacture of tobacco products. The
Belarus Restrictive Goods List also introduces further restrictions
related to the trade of arms and weapons. Additionally, it
prohibits the exchange of equipment, technology or software
intended primarily for use in the monitoring or interception of
internet and telephone communications on mobile or fixed networks.
Examples of the additional types of goods restricted include:
A look ahead to the key strategic trends in #globaltrade expected through 2023 and beyond. In addition to the globa… https://t.co/UGWRjIK62k
Nov 09
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