Trade Compliance Resource Hub: Further UK and EU sanctions on Russian iron and steel come into effect
Our Trade Compliance Resource Hub is where you can find the latest commentary and analysis by Reed Smith lawyers on recent developments in trade, sanctions and export controls.
On Saturday (September 30, 2023), new UK and EU trade sanctions tightening the restrictions on the import of Russian-origin iron and steel products will come into effect.
While certain measures are already in place in relation to a number of listed iron and steel products (Listed Iron and Steel Products) that are of Russian origin, the new measures prohibit the import (UK and EU) or purchase (EU only) of Listed Iron and Steel Products that are processed in third countries and incorporate Listed Iron and Steel Products that are of Russian origin, in order to reduce sanctions circumvention.
