The EU’s 20th Russia sanctions package introduces new restrictions and compliance considerations affecting trade, finance, and enforcement across member states.
Continue Reading EU’s 20th Russia Sanctions Package: Key Changes and Compliance Implications
The EU will impose new tariffs on U.S. goods starting April 1 and April 13, 2025, in response to U.S. tariffs on EU steel and aluminum.
Continue Reading EU to Impose Tariffs on US Goods – Steel, Aluminum, and More – in April 2025
The Carbon Border Adjustment Mechanism (CBAM) is the European regulation that imposes a reporting obligation and a carbon tax on EU imports of certain goods in order to reduce carbon emissions. See our prior GT Alert.
The CBAM Regulation officially took effect May 17, 2023. It will apply in phases starting Oct. 1, 2023
On June 23, 2023, the Council of the European Union adopted a new, eleventh package of restrictive measures (Package) to ensure that EU sanctions against Russia are better enforced and implemented. The Package is informed by the lessons learned from implementation over the past year. The Package consists, inter alia, of new prohibitions, a
On Feb. 20, 2023, Dutch Minister of Foreign Affairs Wopke Hoekstra gave a speech titled “Building a secure European future” at the College of Europe in Bruges, Belgium where he made a plea to “(…) sail to the next horizon where sanctions are concerned.” The Dutch Foreign Minister said European Union
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 the Treaty on the Functioning of the European Union.
On 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 Federation (Russia) and Russia’s economy, weaken Russia’s military capabilities and impose additional consequences on the Kremlin for the recent escalation of the conflict in Ukraine.
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 of EU sanctions an EU crime. Simultaneously, the Commission proposed a new Directive on asset recovery and confiscation. If adopted, the new rules would contribute
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 on Iran. An illustration of this can be found in the recent judgement by the Court of Justice of the EU (CJEU) (Grand Chamber) in
On Jan. 5, Mr. Mohammed Chamin – a Member of the European Parliament and the “rapporteur” on the proposed Carbon Border Adjustment Mechanism (CBAM) in the Parliament’s Committee on Environment, Public health and Food Safety (ENVI) – announced that a draft report on the CBAM proposal had been sent to shadow rapporteurs for discussion. This