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EU imposes further sanctions on Belarus – EU companies should pay attention to these developments
On 29 June 2024, the EU adopted new sanctions against Belarus with Regulation 2024/1865 (hereinafter Amendment Regulation) to Belarus Sanctions Regulation No. 765/2006 (hereinafter Sanctions Regulation), amending existing sanctions, defining new compliance requirements and clarifying important compliance issues – similar to the 14th EU sanctions package against Russia. The Amendment...
The 14th EU sanctions package against Russia and other recent developments to prevent circumvention
The issue of preventing circumvention of EU sanctions against Russia runs with increasing urgency through all EU sanctions packages and was therefore once again the subject of the 14th EU sanctions package, which came into force on 25 June 2024. For example, the 14th EU sanctions package contains some "clarifications"...
Relief for the economy – BAFA revises General Authorisations as of Sept. 1st, 2023
With effect from 1.9.2023, the Federal Office of Economics and Export Control (BAFA) will bring a total of five new General Authorisations (AGG) into force and at the same time extended or revised all existing (national) AGG of the BAFA on certain armaments and certain dual-use goods.
Through these extensions...
The eleventh package of EU sanctions against Russia and the avoidance of circumvention
With the 11th package of sanctions of 23 June 2023 (OJ L 159I of 23.06.23), which has the effect of further tightening the embargo, the EU is placing a stronger focus on the future avoidance of circumvention of all existing EU sanctions against Russia. Parallel to the 11th EU sanctions...
The tenth EU sanction package against Russia and an outlook on the eleventh package
Within just one year, since the beginning of the Russian war of aggression against Ukraine, the tenth package of sanctions against Russia was adopted on 25.2.2023.
Background to the tenth EU sanctions package
On the anniversary of Russia's invasion of Ukraine and the ongoing war against Ukraine, the Council adopted...
EU sanctions against Russia and the ninth package of sanctions
On 16 December 2022, the EU put the 9th sanctions package against Russia into force.
I. Background to the ninth EU sanctions package
In response to Russia's ongoing war of aggression against Ukraine and the severe further escalation against civilians and civilian infrastructure, the Council adopted a ninth package of...
EU sanctions against Russia and the eighth sanctions package
On 6 October 2022, the EU put the 8th sanctions package against Russia into force.
I. Background to the eighth EU sanctions package
Russia thumbscrews are be tightened increasingly. The EU is responding to Russia's sham referendums in the occupied Ukrainian territories, the further mobilization of Russian troops and...
Ukraine crisis: Hoping for the best but being prepared for the worst
Background
According to President Biden, the US is currently prepared for any scenario of further developments in the Ukraine crisis. The same is heard and read from the EU and the United Kingdom. Thus, companies in these countries and in the rest of the world should also be prepared accordingly,...
European Court of Justice ruling underlines the dilemma of EU companies due to the EU Blocking Regulation against US sanctions
Background
The US imposes draconian penalties for violations of its extraterritorial and globally prosecuted sanctions or "agrees" in advance by "settlement" on certain measures in appropriate cases (fines, external supervisors, personnel changes in management, etc.). The high risks that this can entail for EU-based companies are unfortunately as real as...