MOSCOW: The new bundle of Russia sanctions launched by the European Union (EU) partially jeopardises Italy-Russia commerce, as new procedures for checking customs codes could have an effect on items that aren’t formally topic to the restrictions, president of the Italian-Russian Chamber of Commerce, Ferdinando Pelazzo, advised Sputnik.
On Monday, the EU adopted the twelfth bundle of Russia sanctions, which features a ban on each direct and oblique imports, the acquisition and switch of Russian diamonds. The bundle additionally prohibits the switch of dual-use merchandise and applied sciences, together with lithium batteries and drone elements.
“If beforehand sure items got here beneath sanctions, however had been exempted from them upon nearer examination, then now, I’ve learn, there may be some sort of ‘rounding’ of customs codes,“ Pelazzo mentioned.
Certain items could now mechanically come beneath restrictions in the event that they fall inside a common customs code that additionally contains items affected by the sanctions, the official defined.
After the beginning of Russia’s navy operation in Ukraine on Feb 24, 2022, Western nations have considerably expanded their record of sanctions in opposition to Moscow. Many overseas firms had been pressured to depart the Russian market, as Western sanctions resulted in disruptions in provide chains. – eNM, Sputnik
