Importers of iron and steel goods into the European Union will have to prove that the material they have used isn't sourced from Russia, the EU said June 23, as part of the 11th package of sanctions against Moscow. The bloc first banned the import of key iron and steel products from ...
Trade conflicts between the U.S. and Europe are not rare. For example, there is currently a trade war happening between the two sides. On June 1, 2018, the U.S. applied a 25 percent duty on steel and a 10 percent duty on aluminum produced by European companies. EU Commissioner for T...
The European Union will suspend Moscow's privileged trade and economic treatment, crack down on its use of crypto-assets and ban exports to Russia of EU luxury goods and imports of iron and steel goods, the head of the European Commission said on Friday. The new mea...
The EU Commission has updated its Russia sanctions FAQs on import, purchase and transfer of listed goods. In particular the FAQs explain what the newly introduced status of “partner countries for the importation of iron and steel” in Art. 3g(1)(d) means for the import and purchase of iro...
Not only is the framework of the EU coming under acute pressure, but the unilateral action by the US administration to impose sanctions on steel and aluminium imports from Mexico, Canada, and the EU, threatens to jeopardise the long-established integrity of the World Trade Organisation (WTO). ...
However, following China’s sanctions on several EU MEPs, the approval process for the agreement was halted, and negotiations have not resumed since. Recent EU-China dialogue Despite the ongoing tensions, China and the EU have maintained open lines of communication, and recent months have seen se...
sector, while carving out activities necessary for essential supplies to the EU. It imposes a broad prohibition on dealings with 12 Russian State Owned Enterprises ("SOEs") and related affiliates. New trade sanctions target imports from Russia of steel products and exports to Russia of ...
CRU aluminum news roundup: Tariffs, sanctions, and more Here’s a roundup of the latest news in the global aluminum market from our colleagues at CRU. Biden calls for tripling of Chinese steel and aluminum tariffs President Joe Biden is calling on the US Trade Representative (USTR) to conside...
to EU sanctions against Russia. German residents7who intend to use the general authorization must register with BAFA. Additionally, German residents must notify the BAFA of the fact that they provide services within the scope of this general authorization. The authorization expires on 31 March 2025...
The sanctions, agreed in October, entered EU law with their publication in the European Union's Official Journal on Saturday. The toughest EU measures yet, they include bans on financial transactions, sales to Iran of shipping equipment and steel, and imports of Iranian natural gas, adding to ...