NEWS

BAFA publishes new overview of country-specific embargoes


As of 28 April 2020, Germany’s “Bundesamt für Wirtschaft und Ausfuhrkontrolle” (BAFA) has published a new overview of country-specific embargoes (rubric is available for download here). According to BAFA, these embargoes are for foreign or security policy reasons and restrict foreign trade towards certain countries. The embargoes can be total, partial or arms embargoes and can affect exports, imports, capital movement and payments, service provisions, and contract conclusions and/or fulfillment.

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