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Summary
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Agenda
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Speakers
S&P Global Market Intelligence welcomes you to our inaugural event in London to discuss regulatory best practice and to consider the potential for new trade sanctions legislation in 2024.
A series of new phrases entered the trade compliance lexicon in the past year; high priority goods, shadow and ghost fleet, oil price cap, AIS spoofing and battlefield electronics.
The recent UK list of 'Common High Priority Items' underlines the importance of successfully identifying and managing export controls in trade finance documents. Following the Russian invasion of Ukraine in February 2022 a series of UK trade sanctions were placed on Russia covering goods under restriction such as luxury items, energy related commodities, diamonds, special materials and others. The high priority product lists called out various items such as sonar, antennas, operational amplifiers, capacitors and microprocessors organized in 4 tiers covering 45 HS Codes. All of these items have a dual-use capacity and can be utilised on the Russia-Ukraine battlefield as drones, missiles and other military hardware. These embargoed and restricted goods have also been proscribed by regulators in the U.S. and the European Union as 'Commodities of Concern', 'High Priority Goods' or 'Economically Critical Items'.
In this context, it is important for risk and compliance screening programs to remain up to date with the latest regulatory advisories and to employ the appropriate tools to manage new requirements.
This event will seek to further interpret and understand the latest regulation on Russian trade sanctions and wider strategic goods management in order to continue the ongoing successful identification of military dual-use items sometimes found in transactional documents.
Event Support
