The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 12 Apr 2024 (EU):
The Akin Summary document has now been posted for this action.
The EU published new FAQs relating to Article 5r of Council Regulation 833/2014, aimed at giving National Competent Authorities better visibility into the flow of funds out of the EU by Russian-owned EU entities. The new FAQs include a reporting template, which relevant EU entities should review in preparing the submissions of their first reports due May 1, 2024.
- 12 Apr 2024 (UK):
The Akin Summary document has now been posted for this action.
The UK and the U.S. announced a joint action to clamp down harder on prohibited Russian metal exports focusing on aluminium, copper, and nickel, by bringing the world's two largest metal exchanges into the scope of the existing bans. The London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME) will no longer trade new aluminium, copper, and nickel produced by Russia.
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