Sanctions updates / 27 Aug 2014

SANCTIONS UPDATE – Some Goods Are Excluded from the Banned List; Potential New Sanctions; Situation regarding the Supply of Goods from Non-Sanctioned Countries

I. ADDITIONAL SANCTIONS

The Russian Government has prepared a list of possible additional sanctions against the US and EU:

–  Russia may prohibit transit flights to the Asia-Pacific region and introduce protective measures in the aircraft, shipbuilding, automotive and other industries.

–  Russia may ban tobacco and wine imports. Russia may also introduce a ban for  cars worth up to 800,000 Roubles (approx. $22,000).

II. GOODS EXCLUDED FROM THE BAN

Russia has lifted the ban on hatchlings, lactose-free milk and dairy products, seeds, onions, hybrid sweet corn, biologically active additives and vitamins.

III. EXPORT TO RUSSIA

Russia strengthens its trade cooperation with certain countries:

–  Russia has lifted all bans on the import of fruit and vegetables from Kyrgyzstan. The Russian Ministry of Industry and Trade was instructed to facilitate the export of Kyrgyz agricultural products, ease their access to the Russian market and consider the export of meat and milk from Kyrgyzstan.

–  According to information on the official website of the Federal Veterinary and Phytosanitary Monitoring Service, twelve large enterprises in Chile are ready to meet the requirements of the Customs Union and are now allowed to import fish and seafood to Russia.

Russia allows the import of processed products:

–  Countries which are not included on the banned list may process fish from Norway and other countries and supply the final products to Russia. The Russian Federal Fisheries Agency will control the import of such products to Russia. As for fresh fish, the Agency indicates that this may be delivered from the Faroe Islands, Turkey and Tunisia. Meanwhile, Russian fishermen reduce supplies for export. The Russian Federal Fisheries Agency plans to grant a subsidy to cover railway expenses related to the delivery of fish from the East of Russia.

–  According to the Deputy Prime Minister of Russia, Arcady Dvorkovich, the member states of the Customs Union may process agricultural products which are included on the Russian banned list and supply the final products to Russia. However, in order to change the country of origin of such products, Belarus and Kazakhstan must ensure that most of the products’ value is created in these countries.


Additional information

Andrei Gusev (Russia)
Ulla von Weissenberg (Finland)
Jarno Vanto
(New York)

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