The OverRuled: Russia Trade Controls Resource Center has been updated with the following actions:
- 15 Jul 2024 (EU):
The European Commission ("Commission") updated its EU FAQs in respect of the "No Re-Export to Russia" clause pursuant to Article 12g of Council Regulation (EU) 833/2014 ("Regulation"). The updated FAQs provide clarification on the following the issues: (i) the purpose of Article 12g; (ii) whether Article 12g applies to existing contracts and public contracts; and (iii) the significance of Article 12g for operators based in non-EU countries.
- 08 Jul 2024 (Switzerland):
The State Secretariat for Economic Affairs ("SECO") designated 71 individuals and 52 entities under its Russia sanctions regime, which follow recent actions taken by the European Union ("EU") as part of its 14th sanctions package targeting Russia.
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