On 21st of July 2022, the European Union introduced a new wave of new sanctions measures against Russia. These measures are reflected in the amendments to Council Regulations 833/2014 and 269/2014 and to Council Decisions 2014/512/CFSP and 2014/145/CFSP. The EU’s new measures aim to maintain and strengthen the effectiveness of the previous six packages of sanctions. Furthermore, the new package clarifies a few provisions from the previous packages. Finally, it aligns the EU’s sanctions with its allies, in particular, the G7 countries. In total, the new package contains a slew of updates, including minor tweaks. Below we highlight several important changes in this package.

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BLOMSTEIN advises Brazilian cattle and beef sector representative, Instituto Mato-Grossense da Carne, on EU’s ESG regulatory framework.

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After several serious war crimes committed by the Russian army in Ukraine, the EU has once again significantly expanded its sanctions against Russia. While some of the new sanctions extend existing prohibitions, most new sanctions provisions contain completely new trade restrictions. We summarised the main developments in this briefing.

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Almost four weeks after Russia’s invasion of Ukraine and its ongoing military aggression, the EU has adopted another – the fourth – package of sanctions against Russia on 15 March 2022. This briefing provides an overview on these latest developments, which concern not only the adding of more oligarchs and regime-affiliated elites to the EU’s sanctions list, but also tighten trade restrictions with respect to, among others, the import of steel products, the trade with luxury goods, including vehicles and their spare parts, as well as transactions with certain Russian state-owned enterprises.

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Since last night, the EU has adopted further sanctions against Russia. The new restrictions concern the listing of further persons, including Oligarchs with close ties to President Putin, and the aviation sector. The SWIFT de-coupling is not yet legally implemented.

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On 25 February 2022, the European Union (EU) has agreed upon further sanctions against Russia as a reaction to, as the European Council put it, “the Russian Federation’s unprovoked and unjustified military aggression against Ukraine.” :

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If the Western states stick to their pronouncements of the past few days, the imposition of further sanctions against Russia for invading Ukraine is only a matter of time. The EU has already announced a crisis summit for tonight (24 February 2022), which will lead to a massive tightening of yesterday’s sanctions for Russia’s recognition of independence of Ukrainian’s regions of Donetsk and Luhansk.

The current sanctions regime consists of two layers:

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BLOMSTEIN advises Chinese terminal operator COSCO Shipping Ports Limited (COSCO) on foreign direct investment aspects relating to its entry into the German market. COSCO is acquiring a minority stake of 35 % in Container Terminal Tollerort (CTT) from the Port of Hamburg Hamburger Hafen und Logistik AG (HHLA). The deal is subject to various FDI and merger control clearances.

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BLOMSTEIN has successfully advised Teva Pharmaceutical Industries Limited (Teva) on the German foreign direct investment aspects of its strategic licensing collaboration with MODAG GmbH (MODAG).

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A Comissão Europeia apresentou, em 17 de novembro de 2021, a “Proposta de regula-mento sobre produtos sem desmatamento” (Regulamento sobre Desmatamento ou Regulamento, cujos documentos relevantes podem ser encontrados aqui), com objetivo de evitar a comercialização em seu território de produtos associados a desmatamento ou degradação florestal. A lista de produtos é definida pelo art. 1º do Regulamento sobre Desmatamento, a saber: gado (seja o gado in natura, carne ou couro), cacau, café, óleo de palma, soja e madeira, bem como subprodutos, produtos que contenham ou que resultem dos mesmos (em conjunto, Produtos Relevantes). O Anexo I do Regulamento apresenta a lista exaustiva dos subprodutos e derivados sujeitos a suas regras.

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