- The European Commission has updated the consolidated FAQ on sanctions against Russia and Belarus
- Clarifications on approval procedures and cross-border services related to Article 5n of Regulation (EU) No. 822/2014
- Article 5n prohibits certain services for the Russian government and entities, with exceptions for EU subsidiaries and companies from partner countries
- A new approval possibility for national authorities of EU Member States has been created
- BAFA has issued General Approval No. 42 for transactions and services under Article 5n
- The updated FAQs address the implementation of Article 5n and national approval procedures
- National authorities can issue collective approvals for similar services to the same Russian customer
- The Commission clarifies that Regulation (EU) No. 833/2014 does not allow bundled approvals or approvals for multiple Member States for the same service
Source: awb-international.de
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
