BLOMSTEIN advised Munich-based start up media company Julep Media GmbH on the FDI-control aspects of the sale to US-based podcast-as-a-service company Liberated Syndication Inc. (Libsyn).

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.

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

On the 3rd June 2022 the European Council decided on a sixth package of sanctions to be imposed on Russia and Belarus in light of the ongoing war against Ukraine. We summarise the adopted measures below.

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.

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.

Over the past two weeks, the EU has adopted various far-reaching sanctions against Russia, the areas of the Donetsk and Luhansk oblasts of Ukraine, and Belarus. We have kept you updated of these developments in previous briefings. However, the large number of recent regulations and the resulting various amendments they have brought to the sanctions regime make it difficult not to lose track. Against this backdrop and following our latest briefing on financial sanctions, the following concise overview serves to provide guidance on the restrictions concerning the trade with goods and services.

In view of “Russia’s actions destabilising the situation in Ukraine”, as the relevant Regulations coin it, the EU has tightened the financial sanctions on Russia. Introduced via Council Regulations of 25 February, 28 February and 1 March, the revised and newly inserted Articles 5 to 5i of the amended Council Regulation (EU) No 833/2014 seek to largely restrict access to the EU capital market by Russia’s central bank, several major banks and key companies. As announced in our briefing of 26 February 2022 on the EU’s second round of Russia sanctions, we will go into more detail on these sanctions in the following.

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.

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.” :