European Union, Represented By The European Commission Tender Result

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European Union, Represented By The European Commission Tender Result

Other Consultancy Services
Consultancy Services
Contract Date5 Dec 2023
Contract Period91 Days
Contract AmountEUR 40,79,940 (USD 44,41,771)

AOC Description

The action is intended to support European operators, especially Small and Medium-sized enterprises (SMEs), having to abide by EU sanctions. It will set up an EU Sanctions Due Diligence Helpdesk and develop operational tools necessary for its functioning. The Helpdesk would act as central contact point for EU SMEs having questions concerning due diligence for specific business projects in countries subject to EU sanctions. The Helpdesk will reassure operators who need to comply with the applicable European restrictions, and may put the focus on sensitive areas of high political or economic importance, such as agri-food trade and humanitarian assistance. The Helpdesk would also organise trainings to raise awareness on EU sanctions. The action will also help reassure European banks, which may be currently reluctant to handle transactions involving countries subject to sanctions.

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