Author (Corporate) | European Commission: DG Trade |
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Series Title | Official Journal of the European Union |
Series Details | C 151I, Pages 1-12 |
Publication Date | 06/04/2022 |
Content Type | Policy-making |
Summary: Communication published by the European Commission on 6 April 2022, offering guidance on foreign direct investment (FDI) from Russia and Belarus in the European Union (EU) in view of the military aggression against Ukraine and the sanctions laid down by the EU. Further information: In response to Russia's invasion of Ukraine - supported by the Belarusian regime - the EU adopted several packages of restrictive measures against the two countries. It has also become necessary to increase vigilance towards Russian and Belarusian direct investments with the EU Single Market. This goes beyond instruments by persons or entities that are subject to sanctions. In the existing institutional framework, the responsibility of screening FDI rest with Member States. The scope of the FDI Screening Regulation is limited to cases where the acquisition of an EU entity involves direct investment by one or more entities established outside the EU. However, other investments can still be subject to national controls or screening mechanisms. The European Commission urges the Member States to:
The Annex of this Communication also describes the conditions under which Member States may be permitted to impose restrictions on the free movement of capital and freedom of establishment. |
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Source Link | Link to Main Source https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=uriserv:OJ.CI.2022.151.01.0001.01.ENG |
Subject Categories | Business and Industry, Politics and International Relations, Trade |
Subject Tags | Foreign Policy Instruments |
Keywords | Common Foreign and Security Policy [CFSP], Foreign Direct Investment [FDI], Sanctions | Restrictive Measures |
Countries / Regions | Belarus, Russia, Ukraine |
International Organisations | European Union [EU] |
Record URL | https://www.europeansources.info/record/?p=525550 |