Belgium: International Trade & Investment

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Article
Brussels Rewrites The Rules On CBAM Electricity – Western Balkan Exporters Take Note
The European Commission has proposed significant amendments to the CBAM Regulation that could fundamentally reshape how electricity exports from the Western Balkans are treated under the EU's carbon border adjustment mechanism. While headline attention focuses on downstream steel and aluminium goods, the proposed changes to electricity treatment—including revised default value methodologies and relaxed conditions for declaring actual emissions—may prove far more consequential for regional power
European Union Environment
Karanovic & Partners o.a.d.
Article
International Carbon Credits Under The Proposed EU ETS Revision And CBAM Implementing Regulations
The European Commission's proposal to revise the EU Emission Trading System introduces a significant new element: the potential purchase of up to 260 million international carbon credits. This development, alongside parallel provisions in the Carbon Border Adjustment Mechanism, signals a cautious but meaningful shift in how the EU approaches international carbon credits. Understanding these distinct treatment mechanisms has critical implications for ETS-covered operators, EU importers, and international tra
Belgium Environment
AO
A&O Shearman
Article
EU Council Adopts 21st Sanctions Package Against Russia
The European Union has unveiled its most comprehensive sanctions package against Russia to date, targeting 216 individuals and entities across energy, financial services, and cryptocurrency sectors. With unprecedented measures including shadow fleet vessel restrictions, crypto-asset service provider bans, and enhanced legal protections for EU operators, this 21st package represents a significant escalation in economic pressure designed to disrupt Russia's war economy and close circumvention channels through
Worldwide International
S
Steptoe LLP
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