Global Trade Alert
Global Trade Alert

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EU: New sanctions package targeting Russia includes diamond import ban and other trade and economic measures

Description

On 18 December 2023, the EU adopted Council Regulation (EU) 2023/2878 establishing an import ban for steel products enclosed under CN codes 7201 and 7203 originating from Russia. The bans will enter i...

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Intervention Details

Intervention Type

Import ban

MAST Chapter

E: Non-automatic licensing, quotas etc.

Implementation date

01 Jan 2026

Revocation date

No revocation date

Implementation level

Supranational

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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