NEWS
Sanctions against Russia hampering the attractions sector
POSTED 05 Aug 2014 . BY Tom Anstey
Sanctions against Russia are designed to force the country to withdraw its support for the rebels in eastern Ukraine Credit: Rostislav Ageev / Shutterstock.com
Industry insiders have said that the sanctions set on Russia in relation to its conflict with the Ukraine are having a knock on effect for the attractions sector, hampering deals due to 'military' implications.

The trade restrictions are the toughest imposed on Russia since the cold war and mean a lot more paperwork is included for simple imports to the country, while objects such as communication devices are regularly flagged as having “military implications.”

The European Union (EU) and the US have imposed co-ordinated sanctions against Russia, which targets certain sectors of the Russian economy, namely Russia’s access to EU capital markets, the import and export of items for military use and an arms embargo on the import and export of all goods and technology listed on the EU Common Military List.

The sanctions have been put in place in an attempt to strangle the Russian economy and convince President Vladimir Putin to abandon his support for the separatists in Ukraine.

The main issue facing the attractions industry, which uses a lot of cutting-edge technology to create top quality visitor experiences, is the ruling that no EU or US national or company may sell, supply, transfer, or export any dual-use goods and technology (i.e., goods that have a civilian or military application) to any individual or entity in Russia, if those goods are or may be intended to be used for a military purpose or by a military end-user. Put simply, if something can be used as a weapon then it could well be affected by the trade sanction.

High-end technology, which could in theory be used for military purposes, such as broadcast devices, wireless receivers used to relay data and filming equipment, among other similar technology comes up against the sanctions. But even things such as simple computer chips can be blocked on military grounds as well.

A source told AM2: “It’s less about the sanctions themselves, more about the technology which they are restricting, because it’s so far reaching as to what can be used for military gain despite the fact these things will never leave the museum, science centre or whatever visitor attraction they may end up in.”

The embargo will not apply to contracts signed before the start of these sanctions, but new deals – including any additional purchases made on already planned attractions – will have to go through an extremely strict vetting process in order to make it across the Russian border.

 


CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Leisure Management - Sanctions against Russia hampering the attractions sector...
03 May 2024 Leisure Management: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

05 Aug 2014

Sanctions against Russia hampering the attractions sector
BY Tom Anstey

Sanctions against Russia are designed to force the country to withdraw its support for the rebels in eastern Ukraine

Sanctions against Russia are designed to force the country to withdraw its support for the rebels in eastern Ukraine
photo: Rostislav Ageev / Shutterstock.com

Industry insiders have said that the sanctions set on Russia in relation to its conflict with the Ukraine are having a knock on effect for the attractions sector, hampering deals due to 'military' implications.

The trade restrictions are the toughest imposed on Russia since the cold war and mean a lot more paperwork is included for simple imports to the country, while objects such as communication devices are regularly flagged as having “military implications.”

The European Union (EU) and the US have imposed co-ordinated sanctions against Russia, which targets certain sectors of the Russian economy, namely Russia’s access to EU capital markets, the import and export of items for military use and an arms embargo on the import and export of all goods and technology listed on the EU Common Military List.

The sanctions have been put in place in an attempt to strangle the Russian economy and convince President Vladimir Putin to abandon his support for the separatists in Ukraine.

The main issue facing the attractions industry, which uses a lot of cutting-edge technology to create top quality visitor experiences, is the ruling that no EU or US national or company may sell, supply, transfer, or export any dual-use goods and technology (i.e., goods that have a civilian or military application) to any individual or entity in Russia, if those goods are or may be intended to be used for a military purpose or by a military end-user. Put simply, if something can be used as a weapon then it could well be affected by the trade sanction.

High-end technology, which could in theory be used for military purposes, such as broadcast devices, wireless receivers used to relay data and filming equipment, among other similar technology comes up against the sanctions. But even things such as simple computer chips can be blocked on military grounds as well.

A source told AM2: “It’s less about the sanctions themselves, more about the technology which they are restricting, because it’s so far reaching as to what can be used for military gain despite the fact these things will never leave the museum, science centre or whatever visitor attraction they may end up in.”

The embargo will not apply to contracts signed before the start of these sanctions, but new deals – including any additional purchases made on already planned attractions – will have to go through an extremely strict vetting process in order to make it across the Russian border.




Connect with
Leisure Management
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Breakers Hotel in Long Beach to relaunch as Fairmont property with tech-forward spa in 2024
Breakers Hotel in Long Beach to relaunch as Fairmont property with tech-forward spa in 2024   03 May 2024

The historic Breakers Hotel in Long Beach, California, is set to reopen in mid-2024 as a Fairmont Hotels & Resorts property after a significant .... more>>
Kempinski to make Vietnamese debut with riverside resort and spa designed by Kengo Kuma
Kempinski to make Vietnamese debut with riverside resort and spa designed by Kengo Kuma   03 May 2024

High-end five-star hotel company Kempinski Hotels is making its mark in Vietnam with a luxury waterfront property overlooking the Saigon River. Set .... more>>
Belgian start-up, Moonbird, is on a mission to teach the world to breathe
Belgian start-up, Moonbird, is on a mission to teach the world to breathe   02 May 2024

Moonbird is a tactile breathing coach, which provides real-time biofeedback, measuring heart rate and heart rate variability. Studies show it can .... more>>
Barry’s considers next investor move, as North Castle Partners looks to exit
Barry’s considers next investor move, as North Castle Partners looks to exit   02 May 2024

Barry’s – known for its HIIT workouts combining treadmills and weights – is thought to be looking at strategic options, including taking on a new .... more>>
Providence Equity Partners takes control of VivaGym and its Fitness Hut brand
Providence Equity Partners takes control of VivaGym and its Fitness Hut brand   30 Apr 2024

US private equity fund, Providence Equity Partners, is acquiring a majority stake in VivaGym from Bridges Fund Management, which will exit as a .... more>>
Marriott to realise Ritz-Carlton Reserve at Trojena, the Mountains of Neom
Marriott to realise Ritz-Carlton Reserve at Trojena, the Mountains of Neom   01 May 2024

Marriott International has signed a new deal with Neom to open a Ritz-Carlton Reserve property as part of Trojena, a brand new year-round mountain .... more>>
Company profile


Agilysys

Agilysys is a leader in hospitality software, delivering innovative cloud-native SaaS and on-premise guest-centric technology solutions for spas, hotels, resorts and other hospitality operations.

View full profile>>

Catalogue gallery


Featured Supplier

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone

CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone

Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design. More>>




in this issue

• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources



Latest jobs

Jobs Search



Duty Manager
Salary: Competitive
Location: Middlesbrough
Company: Everyone Active
Duty Manager Golf and Athletics
Salary: £30,027pa + non-contrib pension + benefits
Location: Stockwood Park Golf Club, London Road, Luton, UK
Company: Active Luton
Leisure Centre Duty Manager
Salary: £24,687.57pa + pension + health care + benefits
Location: Uppingham, Oakham, UK
Company: Uppingham School
Diary dates
Powered by leisurediary.com

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy







Published by Leisure Media Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd