This Sunday, 1 October, the Carbon Border Adjustment Mechanism (CBAM) began its transitional phase. In its transitional phase, CBAM will only apply to imports of cement, iron and steel, aluminium, fertilisers, electricity and hydrogen. EU importers of those goods will have to report on the volume of their imports and the greenhouse gas (GHG) emissions embedded during their production, but without paying any financial adjustment at this stage.
The European Commission tabled a customs reform package on 17 May 2023. Along with a number of other provisions, key to the reform would be the establishment of an EU customs authority, which would oversee a new customs data hub.
On 15 September 2023, the European Commission adopted a Delegated Regulation updating the EU dual-use export control list in Annex I to Regulation (EU) 2021/821. The update brings the list in line with decisions taken in the multilateral Export Control Regime's Wassenaar Arrangement (WA), Missile Technology Control Regime (MTCR), and Nuclear Supplier Group (NSG) in 2022. The decisions taken in the Australia Group (AG) in 2022 have been introduced in the control list in Annex I by means of the Commission Delegated Regulation (EU) 2023/996 of 23 February 2023.
The European Council sanctioned six individuals responsible for serious human rights violations in the Russian Federation and in the territories of Ukraine that Russia has temporarily occupied, including violations of freedom of opinion and expression. The individuals listed include prosecutors and judges active in courts established by Russia’s occupying force in illegally annexed Crimea. as well as two members of the Federal Security Service of the Russian Federation (FSB) that either took part in torturing journalist Vladyslav Yesypenko, or conducted the investigations in his case, and those of members of the Crimean Tatar community, and of the Jehovah’s Witnesses in Crimea.
The European Commission has adopted the rules governing the implementation of the Carbon Border Adjustment Mechanism (CBAM) during its transitional phase, which starts on 1 October of this year and runs until the end of 2025. The Implementing Regulation published August 17, details the transitional reporting obligations for EU importers of CBAM goods, as well as the transitional methodology for calculating embedded emissions released during the production process of CBAM goods.
The European Council adopted a decision 20 July authorising the Commission to open negotiations, on behalf of the EU, with the United States on a Critical Minerals Agreement (CMA) and the related negotiating directives. This agreement seeks to strengthen critical minerals supply chains and mitigate some of the negative repercussions of the US Inflation Reduction Act (IRA) on EU industry.
The European Commission has adopted its adequacy decision for the European Union-US Data Privacy Framework, concluding that the United States ensures an adequate level of protection – …
The operating practice of trade compliance is bifurcated into customer due diligence (CDD) and managing import and export controls. CDD involves vetting customers and suppliers using …
European Commission President Ursula von der Leyen on Tuesday detailed a new set of sanctions targeting Russia, as well as Chinese and Iranian firms, during a meeting with Ukrainian President Volodymyr Zelenskyy.
The tenth EU-US Energy Council met in Brussels, attended by key representatives from the European Union and the United States. The Council serves as the primary forum for transatlantic coordination on strategic energy issues, aiming to enhance energy security, promote energy efficiency, develop technologies for net-zero emissions, and support research, innovation, and business cooperation.
Stephane Chardon, Head of Sector Trade & Security, EC Director General Trade, gave seminar attendees an overview of recent developments and trends in EU export control framework. This year we …
The European Commission has released a proposal to harmonize criminal offences and penalties for the violation of EU restrictive measures. Individual persons could be liable to a maximum penalty of …
The European Commission is proposing to create a new structure to manage frozen and immobilized public Russian assets, invest them and use the proceeds for Ukraine. The announcement includes measures …