The European Union (EU) has implemented a series of restrictive measures as part of its sanction regimes aimed at Russia. Notwithstanding these efforts, a substantial volume of sanctioned goods continues to be diverted to Russia. To combat this, the EU introduced legislative obligations to minimize circumventions.
This blog examines the role of the Internal Compliance Program (ICP) in the EU Russian Sanctions Regulations, focusing on due diligence and circumvention.
Understanding Dual-Use regulation, or regulation controlling the export of commodities with a civilian or military end-use, can be complicated. The development of these rules and regulations continues. Regulators are trying to keep up with the technical developments in the market, geopolitical developments globally, and their own economic interests. European regulators meet with traders within the European Union periodically at the European Union (EU) Export Control Forum to discuss the topic at hand and share best practices and developments.
Topics: Europe, Export Consulting
The European Union (EU) implements control measures for the export, transit, brokerage, and technical assistance of dual-use items in accordance with international non-proliferation treaties and governmental commitments. As items are an important parameter in EU export control measures, the use and users of the items are equally important. EU exporters must provide all necessary information on the end user and end-use for export authorizations. The end-use statement (EUS) is a useful means for measuring risk factors that come from the recipient of the items. However, is this useful tool properly being used for its intended purpose? Common misunderstandings regarding the EUS will be given below in the light of Tradewin's experience.
Topics: Europe
