Ukrainian Russian War determined the European Union as well as the Members States to impose harsh and never seen restrictive measures related to Russia’s finance, defence, energy, aviation, and space sectors.
Our Legal Insight will give you a brief overview of the main economic sanctions on goods imposed to Russia by EU. Such sanctions are applied until 31 July 2022.
These sanctions approved by EU apply directly in Romania, without any other formalities.
Goods related Sanctions – prohibit direct or indirect sale, supply, transfer or export (including related technical assistance and financing) to any natural or legal person, entity or body in Russia or for use in Russia, of the following goods:
- all dual-use goods and technology listed in Annex I to Regulation (EU) 2021/821 of the European Parliament and of the Council (including crucial advanced technology, such as: drones and software for drones; software for encryption devices, semiconductors and advanced electronics)
The competent authorities of the Member State may authorise the sale, supply, transfer or export of dual-use goods and technology or the provision of related technical or financial assistance, for non-military use and for a non-military end user, in accordance with the rules and procedures laid down in Regulation (EU) 2021/821, which shall apply mutatis mutandis. The authorisation shall be valid throughout the Union.
- goods and technology suited for use in oil refining, whether or not originating in the Union. This prohibition shall not apply to the execution until 27 May 2022 of contracts concluded before 26 February 2022, or ancillary contracts necessary for the execution of such contracts.
- goods and technology suited for use in aviation or the space industry, whether or not originating in the Union. It shall be also prohibited to provide insurance and reinsurance, directly or indirectly, in relation to such goods and technology. This prohibition shall not apply to the execution until 28 March 2022 of contracts concluded before 26 February 2022, or ancillary contracts necessary for the execution of such contract
- military goods and related material (subject to the grandfathering of contracts concluded before 1 August 2014) from the EU into Russia and vice versa;
The European and Romanian legislation provide also the procedure for obtaining derogations from such sanctions and the applicable terms and conditions for such derogations.
The main authorities with competence in checking and applying these sanctions are : ANAF (Romanian Tax Authority), Money Laundering Office, National Romanian Bank, Ministry of Foreign Affairs and Interministerial Council
Violation: the violation of such sanctions could be considered criminal offence or administrative offence.
