Crimea and Sevastopol – EU Council Regulation No 692/2014 of 23 June 2014 – Restrictions on the import into the Union of goods originating in Crimea or Sevastopol (5.496)

This circular explains EU Council Regulation No 692/2014 and the restrictions it introduced on goods originating in Crimea or Sevastopol. It also outlines the related limits on financing, insurance and reinsurance, the exemptions that apply, and the regulation’s scope.

London P&I advises members involved in voyages or contracts connected with Crimea or Sevastopol to seek advice before fixing fixtures where the sanctions regime may apply.