Belgium: Compliance

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EU Adopts “Mini” Sanctions Package Against Russia
The European Union has adopted a targeted "mini" sanctions package against Russia, introducing 87 new designations across multiple regimes while creating a specific derogation for transactions with Chinese chip trader Yangzhou Yangjie Electronic Technology Co., Ltd. This rolling sanctions approach marks a shift in EU strategy, targeting entities across eight jurisdictions including China, UAE, and Turkey, while addressing supply chain disruptions caused by previous designations.
European Union International
MB
Mayer Brown
Article
The EU's 2040 Climate Target: The Next Phase Of European Climate Governance
The European Union has codified a legally binding 90% net reduction in greenhouse gas emissions by 2040, fundamentally reshaping decarbonization trajectories, carbon market architecture, and industrial transition strategies. This intermediate climate target introduces a calibrated flexibility mechanism permitting limited use of high-quality international carbon credits while establishing distinct accounting tracks for domestic permanent removals and cross-border mitigation, creating significant implications
European Union Environment
AO
A&O Shearman
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