Questions and Answers: entry into force of the updated Blocking Statute

European Commission – Fact Sheet Brussels, 6 August 2018 What is the Blocking Statute? The EU introduced the Blocking Statute in 1996 (Regulation 96/2271) in response to US extra-territorial sanctions legislation. It aims at countering the effects of US sanctions on EU economic operators engaging in lawful activity with third…

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August 06, 2018 at 03:57PM