The Club continues to monitor the ongoing state of affairs in the Ukraine and Crimea closely. At present the situation remains in the balance pending the result of the general referendum on the future status of Crimea, to be held on the16th March 2014.
On 28th April the United States Government expanded the scope, and application of Executive Order (E.O.) 13661. In a statement, released to the press on 28th April, the US Department of the treasury stated that: “E.O....
EU passed regulation prohibiting imports of goods originating fro the Crimea into the EU. Regulation 692/2014 prohibits provision of financial assistance, as well as insurance and reinsurance related to the import of such goods.
Circular 6/14: European Union Sanctions in respect of Crimea and Sevastopol - COUNCIL REGULATION (EU) No 692/2014 of 23rd June 2014 concerning restrictions on the import into the Union of goods originating in Crimea or Sevastopol (“the Regulation”)