The invasion of Ukraine and the effect on the customs landscape

Since Russia's invasion of Ukraine, we have noticed in various areas that the war has had a significant impact on our daily (business) life. If you normally trade with parties from Russia or Ukraine, you will have made the necessary changes to your business by now. Since a lot is happening or is yet to happen in a short period of time, it seems useful to outline a brief overview of the impact of this international crisis.

The sanctions seem to mainly affect the export process

The EU sanctions focus on an increase in export controls and more specifically on sectors, namely:

• Financial sector;
• Energy sector;
• Transport sector;
• Dual-Use goods.

In addition, the list of companies and individuals with whom business may no longer be permitted has been expanded and published. If you are not sure whether the sanctions affect your interests, it is possible to check this via the link below.

For a complete overview of the sanctions, see the website (only Dutch):
www.rvo.nl/onderwerpen/internationaal-ondernemen/landenoverzicht/rusland/sancties.

Compensation

If the sanctions affect your company, there are arrangements and services that can be made in consultation with the Netherlands Enterprise Agency (for example, finding alternative sales markets). There are currently discussions about fair burden sharing, whereby disproportionately affected sectors or Member States may be compensated by the EU.

In view of the rapidly changing geopolitical landscape, it is recommended to keep updated on these developments. If the written information does not immediately help you further, there is also the possibility to submit further questions to the specially created Business counter: Sanctions Russia.

Of course we at Pincvision are also able to clear up any uncertainties for you. If any questions arise due to the above or if you would like to know more about the subject at hand, please feel free to contact any of our specialists. Call +31(0)88-4321800 or send an email to info@pincvision.com. Or fill in the form at the bottom of this page and we will contact you.

24 Mar 2022 at 8:56 am
2 min
Published by:
Steven Sewberath Misser
Customs Specialist
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