RUSSIA Export Compliance Product Certification
Economic sanctions targeting exchanges with Russia in specific economic sectors impose:
- an export and import ban on trade in arms
- establish an export ban for dual-use goods for military use or military end users in Russia
- curtail Russian access to certain sensitive technologies and services that can be used for oil production and exploration
According to EU Council Regulations (EC)428/2009 (Dual Use) and (EU)267/2012 (Restrictive Measures Against Iran), under the jurisdiction of EU Member States any breach of certain prohibitions therein established is a criminal offence, in particular any breach relating to: (i) export of prohibited or unlicensed goods and services; (ii) asset freezing measures; (iii) transfers of funds; (iv) dealings with any listed person (individuals, companies, other organizations); (v) additional restrictive measures.
According to the Commission Notice of 25/8/2017 (the Commission Guidance note on the implementation of certain provisions of Regulation (EU) No 833/2014) Banks are required to verify ( clarifying the meaning of Article 4) that the goods and technology are not subject subject to a ban or non-prohibited goods.
The sale, supply, transfer or export of items to Russian Federation is subject to strict compliance policies and verify that a Product is compliant with EU Regulations and US sanctions restricting activity with Russian Federation must be followed.
Certified Export Compliant Product EU-ECP/ RUSSIA
Certify that the Product has been evaluated by an accredited Organization/Authority (CA) and has been found in compliance with EU Council Regulation EC n. No 833/2014 of 31 July 2014 and all associated legal amendments thereon, setting up an EU Community regime of restrictive measures against Russia.
In addition is necessary to verify also under the applicability of Dual Use Regulation.
Can be used the following standard
Certified Export Compliant Product EU-ECP/ DUAL USE
Certify that the Product has been evaluated by an accredited Organization/Authority (CA) and has been found in compliance with EU Council Regulation EC n. 428/2009 of 05 may 2009 and all associated legal amendments thereon, setting up an EU Community regime for the control of exports, transfer, brokering and transit of dual-use items.