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
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. In this context, the European Commission adopted on March 23, 2022, a Communication concerning a Temporary Crisis Framework for State Aid measures to support severely
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 complex.
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 lifted and replaced with a tariff rate quota (TRQ) system that will allow specified amounts of EU steel and aluminum to enter the U.S.