New EU/UK Restrictions on Russian-origin Iron and Steel Products
From September 30, 2023, new EU and UK sanctions will come into effect targeting the imports of specified iron and steel products which are processed in third countries and incorporate Russian-origin iron and steel inputs. Importers will need to declare upon import whether the imported goods are compliant (and be prepared to provide evidence demonstrating
Reforming the Union Customs Code: a proposal from the European Commission towards harmonizing European Union customs digitalization
What You Need to Know
EU restrictive measures against Iranian Unmanned Aerial Vehicles
On July 25, 2023, the EU published in its Official Journal two legal acts aimed at strengthening EU sanctions in the context of Russian-Ukrainian war, by sanctioning Iran, a third country that helps Russia. The measures are designed to tackle the production of Iranian Unmanned Aerial Vehicles (UAVs), which are used in combat by Russian
EU Considers Adding More Teeth to Sanctions Enforcement with Adoption of Draft Law Criminalizing Sanctions Evasion
Key Takeaways
AG Tamara Capeta Calls for the Extension of the EU FDI Screening Regulation Scope Ahead of the Regulation’s Revision
Tamara Capeta, Advocate General of the Court of Justice of the European Union, has given her opinion regarding the scope of the EU Foreign Direct Investment Screening Regulation. AG Capeta considers the Regulation to cover not only acquisitions by foreign (non-EU) investors, but also the acquisition of one EU undertaking by another, if the acquirer
European Commission Seeks Stakeholders’ Views on Draft Foreign Subsidies Implementing Regulation
Last year, the European Union legislature adopted the far-reaching Foreign Subsidies Regulation aiming to tackle the distortive effects on EU markets of financial support by non-EU countries to undertakings active in the EU. On 6 February 2023, the European Commission launched the much-anticipated public consultation on a draft Implementing Regulation, including two annexes containing notification
EU Steel Safeguards found to be WTO-inconsistent; European Commission to amend them
On August 24, the European Commission (“Commission”) made public its intent to implement the recommendation and ruling from the World Trade Organization (“WTO”), and bring the safeguard measure on certain steel products (“Steel Safeguards”) into conformity with the WTO Agreement on Safeguards and the GATT 1994.
The Commission also invited interested parties to submit comments