- The EU has approved its 18th sanctions package against Russia, also extending restrictions with Belarus.
- New goods have been added to Annex VII of Regulation (EU) 833/2014, prohibiting sale, export, and delivery to Russia.
- No grandfathering rules were created for newly listed goods in Annex VII.
- Annex XXIII has been expanded to include certain machines, chemicals, metals, and plastics.
- Grandfathering rules for contracts made before July 20, 2024, are established for goods in Annex XXIIIE and XXIIIF.
- Some goods in Annex XXIII are subject to exceptions with approval requirements.
- Certain software related to banking and finance is now included in Annex XXXIX and subject to prohibitions.
- A catch-all mechanism is created for exports of Annex VII goods to third countries to prevent indirect exports to Russia.
Source: awb-international.com
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.
