Our collection of Trade News

Question and Answers: EU fourth package of restrictive measures against Russia

March 22, 2022

As on 15th March, The EU adopted a fourth package of restrictive measures against Russia in response to its brutal aggression against Ukraine and its people. These sanctions will further ramp up economic pressure on the Kremlin, and undercut its technological base and curtail its ability to finance its invasion of Ukraine.

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Update on Canadian Sanctions Related to Russia

March 22, 2022

On March 14, 2022, Canada further amended the Special Economic Measures (Russia) Regulations to add 15 senior officials of the Government of Russia, who are now subject to a broad dealings ban.

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Statement of the G7 Non-Proliferation Directors Group on a Nuclear Safety and Security Framework for Ukraine

March 22, 2022

G7 leaders and ministers have condemned Russia’s military aggression against Ukraine. Profoundly concerned, in this context, by Russian attacks at and in the direct vicinity of nuclear facilities in Ukraine, and condemning any acts compromising the safety of nuclear installations devoted to peaceful purposes, Mindful that the risk to civilians from damage to a nuclear site during armed conflict has the potential to increase dramatically and that the radiological risk to civilians and the environment from a nuclear accident go beyond the borders of any country.

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EU agrees fourth package of restrictive measures against Russia

March 22, 2022

The European Commission welcomes agreement by the Council to adopt a fourth package of restrictive measures against Russia in response to its aggression against Ukraine and its people. These sanctions will further contribute to ramping up economic pressure on the Kremlin and cripple its ability to finance its invasion of Ukraine. They have been coordinated with international partners, notably the United States.

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WTO updates 03/22

March 21, 2022

WTO dispute panel to review Chinese complaint regarding Australian duties WTO members agreed at a meeting of the Dispute Settlement Body (DSB) on 28 February to establish a dispute panel to examine China’s complaint regarding […]

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Preferential Trade updates 03/22

March 21, 2022

Canada Withdraws Most Favoured Nation Status from Russia and Belarus The Canadian government issued an order removing Most Favoured Nation status from Russia and Belarus. The measure comes as a further response to Russia’s invasion […]

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Regulatory Compliance updates 03/22

March 21, 2022

Australia: Russia sanctions regime Australia imposes autonomous sanctions in relation to Russia in response to the Russian threat to the sovereignty and territorial integrity of Ukraine. They were first imposed in 2014 and extended in […]

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Anti-dumping Duty updates 03/22

March 21, 2022

Canada: Initiation of investigations on import of Mattresses Pursuant to subsection 31(1) of the Special Import Measures Act, the Canada Border Services Agency initiated investigations on February 24, 2022, respecting the alleged injurious dumping and […]

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Customs Tariff updates 03/22

March 21, 2022

Argentina customs tariff update Argentina customs authority has updated the import tariff. Update includes the addition/deletion of HTS codes for certain products classified under tariff chapters 10 and 23.  Bahrain customs tariff update Bahrain customs […]

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Highlights of additional measures on Russia and Belarus announced by U.S, EU, and Australia

March 9, 2022

United States additional measures On 08 March, The U.S President has issued an Executive Order that bans the import of Russian origin crude oil, petroleum, petroleum fuels, oils, distilled products, natural gas, coal, and coal products into […]

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Highlights of sanctions announced by major world powers

March 3, 2022

In response to the Russian invasion of Ukraine, the United States, the European Union, and other major world powers have announced various punitive actions against Russia. Several sanctions and embargoes were already in place against Russia, and the invasion triggered additional sanctions from major world powers.

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Sanction Measures following the launch of military actions by Russia in Ukraine 

March 3, 2022

Statement by Japan Foreign Minister HAYASHI Yoshimasa On February 24, Russia launched military actions in Ukraine. These actions clearly infringe upon the Ukraine’s sovereignty and territorial integrity, constitute a serious violation of international law prohibiting […]

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