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 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 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 Member States. The Commission has also sent out formal requests for information resulting from Commission concerns that companies may have violated the cartel prohibition provision
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 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 – according to the laws of the country of origin – products are allowed on the EU market.