In order to help mitigate food and energy insecurity, the EU published new FAQs on September 19, 2022. These FAQs reversed the recent restrictions that prohibited the transfer of coal, fertilizer, and other essential goods originating from Russia to third countries. Through this reversal, the EU has confirmed that the transfer of certain goods, such as coal, fertilizer, and insurance, to third countries is permitted.
Our international trade team recently broke down how the restrictive measures imposed by the EU’s fifth sanctions packaged have evolved since April 8, 2022, and where they stand now as a result of these latest FAQs. Read their full article at reedsmith.com.