Sanctions and Embargoes: How Are They Different?

Churchillian Thoughts on European Customs Valuation

Most of us have heard of the terms “sanctions” and “embargoes.” They are often used interchangeably, but they are quite different.

Trade sanctions target specific types of transactions, as in a prohibition to sell arms to a specific business, country, government, or regime. An embargo represents a complete prohibition of all trade activities between countries.

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Topics: Tradewin, Sanctions, Embargoes

Update on US Sanctions on Russia

Malaysia GST

“As of March 9th, 2022, this license does not authorize export or re-export of controlled items to parties located in the Russia Federation. For additional information, please see suspension letter dated March 2nd, 2022”

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Topics: Tradewin, Sanctions

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