EU Updates Guidance on No-Russia Clause Requirement
The EU on July 15 released updated guidance for a requirement that forces exporters to insert clauses in their contracts that bar reexports of certain sensitive goods to Russia (see 2402270046). The guidance clarified that exporters are exempted from inserting…
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this “no-Russia clause” as part of certain public contracts with a “public authority in a third country or with an international organisation.” But exporters still must inform their EU member state government “of any public contracts that they have concluded which is benefitting from” this exemption.