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Monday 23.07.2018 | Name days: Magda, Magone, Mērija
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Latvia’s parliament conceptually supports new sanction regulations

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUOn Thursday, 21 June, Saeima supported in the final reading amendments to the Law on International Sanctions and National Sanctions of the Republic of Latvia that are meant to improve sanction regime regulations to ensure efficient application of national and international sanctions, as reported by Saeima press-service.

Amendments to the law clarify the range of subjects on which sanctions are applicable. Changes also resolve matters in relation to terms in accordance with which sanctions come to force, as well as Cabinet of Ministers requirements and dispute procedure. The legislative draft also provides the right for competent institutions to make decisions in relation to application of penalties in the event of violations of the law.

The legislative draft also expands the norm that details the procedure of the law, stating the procedure in accordance with which EU or NATO member states establish sanctions. It is also mentioned that sanctions established by the state are applicable to all private and legal persons. This means no person is allowed to perform activities to allow or promote circumvention of the sanction regime, as noted in the legislative draft’s annotation.

Law amendments provide that the order in accordance with which sanctions are applied is to come to force on the moment of its signing. It is also explained that changes are needed to prevent confusion with the moment sanctions come to force. A new requirement will be added to publish sanction orders in Latvian Herald on the next day after announcement to keep people informed and allow competent institutions do their jobs.

In the procurement field the Saeima has decided to introduce the option to reject suppliers if their services are at risk of being impeded by sanctions. The new regulation is applicable to sanctions applied to specific candidates, their representatives, as well as sub-contractors.


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