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FORCE MAJEURE under martial law

Russian military aggression against Ukraine (which became the basis for the introduction of martial law in Ukraine) was recognized as force majeure by the Ukrainian Chamber of Commerce and Industry on February 28, 2022 (the corresponding letter is available in Ukrainian and English).

Also on March 5, 2022, the Cabinet of Ministers of Ukraine adopted Resolution No. 207, according to which:

1. Quotas have been introduced for the export of livestock, frozen meat, meat and meat by-products, rye, oats, buckwheat, millet, sugar and edible salt from the territory of Ukraine with the zeroing of their export quotas; And

2. The export of wheat, meslin, corn, poultry meat, eggs and sunflower oil is subject to licensing.

The export ban is also included in the list of force majeure circumstances under the standard GAFTA and FOSFA contract forms.

The restrictions are currently active until at least the end of 2022. The issue of their renewal and / or removal will be decided by the government. Most likely they will operate until the end of the war and some time after that.

21.03.22