Sanctions and international trade: the significance of the classification of goods

Due to the recent internationally opposed events,[1] countries worldwide have imposed sanctions on The Russian Federation (Russia).[2] The European Union (EU) has put in place ‘severe European sanctions following the Russia-Ukraine war’,[3] including export controls and restrictions.[4] Unquestionably, this has affected the trade between the EU and Russia, resulting in the blocking of approximately 30.000 … Continue reading Sanctions and international trade: the significance of the classification of goods

International trade: the growing importance of the AEO permit 

International trade is of crucial importance to the world economy. Producers, businesses, consumers and governments worldwide are dependent on the smooth running of international supply chains. In 2021 alone, the European Union (EU), a major player in international trade, has seen a substantial increase of 18.4% in extra-EU imports and 13.9% in exports.[1] With each … Continue reading International trade: the growing importance of the AEO permit