GCO Blog

Here you will be able to follow all the latest GCO news and EU updates on the latest legal issues that may affect your business.

EU Update: Ukraine sanctions – EU Import Ban Crimea & Sevastopol

Since our last blog entry on the issue (here), the EU has adopted the Regulation imposing the EU import ban on goods and certain services from Crimea and Sevastopol. The Regulation, which came into force on 25 June 2014, contained two exceptions: (i) a grandfather clause for contracts and (ii) goods presented to the Ukrainian authorities to confirm their origin. The EU published however on the 4th of July a correction relating to the second exception.

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EU Update: EU Adopts Import Ban on Goods & Certain Services From Crimea & Sevastopol

At its meeting of 23 June 2014, the Council of the European Union decided that from the 25th of June onwards goods originating in Crimea and Sevastopol may no longer be imported into the European Union, except if they  have been granted a certificate of origin by the Ukrainian authorities. Furthermore, providing  financial and insurance services related to the import of such goods will equally be prohibited. Such total import ban measures  are relatively exceptional for the EU.

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