New EU FAQs Cover Russian Infrastructure, Port Restrictions
The European Commission on March 20 issued new guidance for its ban that blocks EU people and companies from carrying out transactions with certain “infrastructure” in Russia, including seaports and airports. The frequently asked questions clarify the types of transactions…
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that are either prohibited or exempt; specify that the ports can be used for the transit of certain coal and other commodities to the EU; outline how the EU may assess possible violations; describe reporting requirements; and more.