Baker McKenzie’s Sanctions & Export Controls Update Blog published “UK denies Russia access to Most Favoured Nation status and announces the imposition of new import tariffs on hundreds of Russian products,” which can be viewed here.
The European Court of Justice (the “Court”) released its judgement on 8 March 2022 in relation to Case C-213/19 (Commission v United Kingdom), concerning the UK’s undervaluing of imports of textiles and footwear from China and associated failure to fulfil obligations regarding customs control and the recovery of EU own resources, through failing to adopt measures necessary to combat fraud. The full decision can be accessed here. Through this judgement, the Grand Chamber of the…
The European Union (“EU”) has confirmed that it is considering the removal of Russia’s Most Favoured Nation (“MFN”) status at the World Trade Organisation (“WTO”) in response to the ongoing conflict in Ukraine. As a consequence, the EU would be free to increase tariffs or establish quotas on Russian imports. MFN treatment refers to the WTO principle of equal treatment among trade partners — meaning that preferential treatment given to a trade partner by one…