On Nov. 28, 2022, the Council of the European Union adopted a decision to add the violation of restrictive measures to the list of so-called “EU crimes” set out in
Continue Reading EU Criminalizes Violations of EU Sanctions, With a Focus on Russia
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On Nov. 28, 2022, the Council of the European Union adopted a decision to add the violation of restrictive measures to the list of so-called “EU crimes” set out in…
Continue Reading EU Criminalizes Violations of EU Sanctions, With a Focus on RussiaOn Oct. 6, 2022, the Council of the European Union (EU) adopted a new, eighth package of measures (Package) primarily intended to reinforce pressure on the government of the Russian…
Continue Reading EU Sanctions Russia with Eighth Package of Restrictive MeasuresOn May 17, 2022, the European Commission (Commission) announced it had conducted so-called “dawn raids” (i.e., unannounced inspections) at multiple undisclosed companies in the fashion industry in several European Union…
Continue Reading European Commission Raids Fashion Companies Over Anti-Competitive Concerns
To make it easier to investigate, prosecute, and punish violations of restrictive measures in all EU Member States, on May 25, 2022, the European Commission (Commission) proposed making the violation…
Continue Reading European Commission Proposes Criminalizing Economic Sanctions Violations and Bolsters Asset Recovery Measures
Following Russia’s invasion of Ukraine, the EU has adopted a wide range of sanctions against Russian and Belarusian individuals and companies, including restrictions on export and access to financial markets.
Continue Reading EU Temporary Framework for State Aid Measures in Response to Ukraine Conflict and to Support Banking Sector
For companies subject to U.S. economic sanctions regimes, compliance is complicated by Regulation (EC) No 2271/96 (EU Blocking Regulation), which was updated in 2018 in light of the U.S. position…
Continue Reading Conflicting EU, US Economic Sanctions Regimes: Implications for Multinational Companies
On Nov. 17, 2021, the European Commission adopted a proposal for a Regulation on Deforestation-Free Products. The purpose of the regulation is to ensure that only “deforestation-free” and legal…
Continue Reading EU Proposed Regulation on Deforestation-Free Products: Impact on Food Businesses
The Carbon Border Adjustment Mechanism (CBAM) is a carbon-pricing system for imports into the European Union. The relationship between the CBAM and the European Emission Trading Scheme (ETS) would be…
Continue Reading EU Carbon Border Adjustment Mechanism Proposal and Its Relationship to the European Emission Trading Scheme
After months of negotiations, the United States and European Union have announced that the national security tariffs imposed by the Trump administration on imports of steel and aluminum will be…
Continue Reading US-EU Deal on Steel and Aluminum Imports