Tag Archives: Sanctions

Turkey threatens Russia with WTO action: A likely futile affair

While the start of a new year for many people means a list of resolutions and lifestyle changes, for Recep Erdogan’s Turkey the start of 2016 means the implementation Russian agri-food sanctions. Moscow adopted the measures in the wake of the shooting down of a Russian jet by the Turkish Air Force. In November 2015, Russian President Vladimir Putin directed Prime Minister Dmitry Medvedev’s administration to identify a number of goods to be banned from import into Russia. Two days later, on November 30th, Medvedev dutifully issued Resolution No. 1296, which singled out seventeen tariff line items (mostly fruits, vegetables and poultry) to be barred from import. Continue reading

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US Sanctions Get Creative

On August 7th, the US Commerce Department’s Bureau of Industry and Security (BIS) amended the Export Administration Regulations (EAR) (15 CFR §§ 730–780) to include Russia’s offshore Yuzhno-Kirinskoe oil and gas field in the Entity List. The Entity List specifies companies and persons that the government believes “pose a significant risk of being or becoming involved in activities contrary to the national security or foreign policy interests of the United States.” The EAR imposes additional licensing requirements on exports, re-exports and transfers to entities and persons on the list.

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Sanctions Tit for Tat

The fact that relations between the US and Russia remain in the doldrums is likely no surprise to most. However, recent moves by the US Department of the Treasury and Russia’s threatened responses thereto indicate that any hope for improved ties in the near future seems totally baseless. While the US agency’s actions are designed to keep up pressure on the Russian government for what most Western nations see as serious violations of international law, the moves have done nothing but elicit the threat of tit-for-tat responses from the Kremlin.

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