News & Analysis as of September 18, 2024

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

EU’s 14th Sanctions Package: Compliance Obligations Expand and Exits Are Facilitated

Skadden, Arps, Slate, Meagher & Flom LLP on 7/26/2024

On 24 June 2024, the European Union (EU) adopted its 14th sanctions package directed against Russia, imposing an asset freeze against an additional 116 individuals and entities and expanding sectoral sanctions targeting key...more

The End of the World Order and the Rise of Trade Regulation

Sheppard Mullin Richter & Hampton LLP on 4/5/2024

Author and futurist Peter Zeihan recently asserted that President Joe Biden has presided over “the most protectionist administration the United States has had in at least a century.” And Donald Trump reportedly plans to...more

New dual-use export control and outbound investment approach as part of the EU's Economic Security Strategy

White & Case LLP on 2/7/2024

Continuing the work from the Joint Communication on a European Economic Security Strategy published in June 2023, the European Commission unveiled a comprehensive package with five proposed initiatives to strengthen the EU's...more

The European Economic Security Package

Morrison & Foerster LLP on 2/7/2024

Building on the European Security Strategy of June 2023, the European Commission on January 24, 2024, adopted a package of five initiatives aiming to enhance the EU’s economic security. The package contains a far-reaching...more

US and EU Commit to Making Deal on Electric Vehicle Subsidies; Unveil more Cooperation on Green Energy and Economic Security

White & Case LLP on 3/20/2023

The US and EU announced a range of commitments on green energy and economic security cooperation on March 10, 2023, in a meeting between European Commission President Ursula von der Leyen and US President Joe Biden. The most...more

Switzerland adopted the remaining measures of the EU ninth package of sanctions on 25 January 2023

White & Case LLP on 2/7/2023

Switzerland implemented the remaining measures of the EU ninth package of sanctions in its Ordinance on Measures Connected with the Situation in Ukraine (the "Ordinance"switz), with effect from 25 January at 18:00 CET. These...more

Latest EU Russian Sanctions Expand Sector Restrictions and Add Designated Individuals and Entities

Skadden, Arps, Slate, Meagher & Flom LLP on 12/23/2022

On 16 December 2022, the European Union (EU) adopted a ninth package of sanctions against Russia. These impose an asset freeze on almost 200 additional individuals and entities pursuant to Council Regulation No. 269/20141...more

Disparate US, EU and UK Sanctions Rules Complicate Multinationals' Exits From Russia

Skadden, Arps, Slate, Meagher & Flom LLP on 12/16/2022

The withdrawal of Western companies from Russia in the wake of the war in Ukraine has garnered a lot of attention. But the process does not take place overnight, and many foreign companies that have operated in Russia face...more

U.S. and Allies Impose Additional Severe Costs on Russia for Atrocities in Ukraine (update)

Sheppard Mullin Richter & Hampton LLP on 4/13/2022

Updated as of April 12, 2022 - It has now been more than 40 days since the start of Putin’s brutal invasion of Ukraine. Today, following the recent revelations of the atrocities committed in Bucha, Ukraine by Russian armed...more

New EU sanctions target Russian energy investments and supplies, imports of Russian steel, exports of luxury goods, and dealings...

White & Case LLP on 3/22/2022

On 15 March 2022, the EU expanded its asset freeze list, adding fifteen individuals and nine entities. It prohibits investments into the Russian energy sector, while carving out activities necessary for essential supplies to...more

Sanctions Against Russia: The Week in Review - March 2022

K2 Integrity on 3/18/2022

The Week in Review delivers the impact and analysis for the public, private, and non-profit sectors from our daily reporting of the evolving global sanctions campaign against Russia. ...more

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