October 23, 2019
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Prohibitions and restrictions with regard to the provision of resources

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"Bans on the provision of resources"

In addition to foreign trade restrictions related to certain goods, there are "bans on the provision of resources" to certain countries, individuals, institutions or organisations.

This means that the provision of funding and/or technical assistance, on the one hand, and the provision of funding and/or economic resources, on the other, to certain individuals, institutions, or organisations can be prohibited.

Provisions of this kind help to prevent the financing of terrorism and the financing of certain militant non-government groups of individuals, or governments in the countries concerned.

Result - bans on the import, export, transit

These can result in general bans on the import, export and transit of goods from certain suppliers or to certain consignees.

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en
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en
Blocking Regulation: the first step towards solving the conflict of laws between EU and US sanctions
25-01-2022

The Court of Justice of the EU has interpreted for the first time the Blocking Regulation. The ruling confirms that it is possible to terminate contracts with a US designated person without providing reasons. However, in civil proceedings it is for the EU party to prove that, when it sought to terminate a contract, it did not seek to comply with US sanctions in the absence of an authorisation by the European Commission.

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restrictions and prohibitions
image lt
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restrictions and prohibitions
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restrictions and prohibitions
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