Lithuania: Considerations for entrepreneurs, importers, and exporters regarding Russia and Belarus

Trade sanctions for Belarus

Trade sanctions for Belarus

Lithuanian Customs informed entrepreneurs ceasing operations in Russia and Belarus and bringing used equipment back to Lithuania that they are not subject to European Union (EU) sanctions. Once a business in Russia or Belarus has ceased operations and a similar activity has been started in Lithuania, transfers of fixed assets or other equipment used for economic activity are not subject to import duties.

Trade sanctions for Belarus

The following goods may not be imported from Belarus or exported to Belarus per EU Council Regulation No. 2022/355: 

  • Wood and articles of wood, wood charcoal
  • Cement and articles of cement, concrete or artificial stone
  • Iron, steel and articles thereof
  • New pneumatic rubber tires

Import of the following is also prohibited:

  • Oil and other products indicated in Annex VI of EU Council Regulation No. 2022/355
  • Potassium chloride (potassium carbonate) and products indicated in Annex VII of EU Council Regulation No. 2022/355

It is also prohibited to sell, supply, transfer, or export, directly or indirectly, to Belarus, machinery originating in the EU or outside the EU.

Read a July 2022 report [PDF 796 KB] prepared by the KPMG member firm in Lithuania

 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.