Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
8 August 2014
Client Alert | International Trade
In response to the implementation of economic and financial sanctions against Russia by the US and the EU over the past month, which was shortly followed by restrictive measures from Switzerland and Lichtenstein to prevent these countries being used to circumvent the EU Sanctions, Russia has announced the imposition of sanctions.
On 6 August 2014, the Russian President signed a Decree imposing a full embargo on certain foods and agricultural products and raw materials which originate from any country which has imposed sanctions against Russia, or which has acceded to such sanctions. This import ban is effective from 7 August 2014 and will last for one year. It follows a series of import bans on certain products from Ukraine, Poland and Romania.
On 7 August 2014 the Russian government published the list of sanctioned products through the Council of the Eurasian Economic Commission's Decision No. 54 of 16 July 2012 on Approval of the Customs Union Common Foreign Trade Commodity Nomenclature and on the Customs Union Common Customs Tariff. The list includes beef, pork, poultry, fish (and shell fish, clams and other water invertebrates), fruit and vegetable produce, cheese, milk and dairy products. The Russian Prime Minister stated that, subject to certain limitations, individuals may purchase such goods abroad and bring them into Russia (but not for resale). The embargo applies to EU countries, the US, Canada, Australia and Norway. It should be noted that:
Notably, the embargo does not apply to:
