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Sanction Evasion

All articles tagged with #sanction evasion

politics2 years ago

EU Cracks Down on Sanction Evaders, Targets Chinese Firms in Russia-Ukraine Conflict.

The EU is discussing the issue of sanctions evasion in its 11th round of sanctions against Russia over the war in Ukraine. The proposals include the legal possibility to ban the export of goods to third countries suspected of circumventing sanctions, with a particular focus on dual-use products. The EU has identified China, Turkey, and the United Arab Emirates, as well as countries in Central Asia and the Caucasus as potential culprits. The new sanction regime proposal includes the legal groundwork to sanction third countries, as well as an annex with space to call out specific countries and products.