IMPORT BAN

The European Commission has reported on 3 June 2022 that it welcomes the adoption of the sixth package of restrictive measures (sanctions) against Russia. The package was published in the EU Official Journal on the same day. The package also imposes further sanctions against Belarus considering its involvement in the aggression. As with previous sanctions packages, they have reportedly been coordinated with international partners. More

Following Nepal’s central bank early April 2022 move to prevent commercial banks from opening letters of credit for luxury imports, the country’s Ministry of Industry, Commerce and Supplies has subsequently imposed a total import ban on 10 non-essential product groups until the middle of July 2022. More