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Global Trade Alert

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EU: New sanctions package includes extended export and import bans, an investment prohibition on Russian mining projects, and other economic sanctions

Description

On 16 December 2022, the EU adopted Council Regulation (EU) 2022/2474 reducing the temporary import quota for steel products enclosed under CN code 7224.90 originating from Russia. Specifically, the q...

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Intervention Details

Intervention Type

Import quota

MAST Chapter

E: Non-automatic licensing, quotas etc.

Implementation date

01 Jan 2024

Revocation date

30 Sep 2024

Implementation level

Supranational

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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