• EU Commission adopts 6th round of sanctions relating to the Russia-Ukraine crisis
    • The EU Commission has recently adopted and published the 6th round of sanctions in relation to the Russia-Ukrane crisis. These target, amongst others, the maritime sector, specifically the transport and importation of oil, the provision of accountancy service and fiduciary services.
    • With this update, the EU has prohibited the purchase, import or transfer of crude oil and certain petroleum products from Russia into the EU. It has also expanded the lists of persons and entities concerned by export restrictions regarding dual-use goods and technology. Prohibitions include brokering services or financing or financial assistance, related to the transport, including through ship-to-ship transfers, to third countries of crude oil or petroleum products as listed in Annex XXV which originate in Russia, or which have been exported from Russia. Certain derogations apply.
  • European Commission and United States sign cooperation arrangement on preparedness and response to public health threats
    • The European Commission and the U.S. Department of Health and Human Services have signed an arrangement to strengthen cooperation on preparedness and response to public health threats. This will enable the Commission and the U.S. to work together on a broad range of topics to jointly tackle health emergencies, contributing to establishing a strong global health architecture.
  • Commission welcomes political agreement on a common charger in the EU
    • The Commission welcomes the swift provisional political agreement reached this morning between the European Parliament and EU Member States on the Commission’s proposal on a common charging solution adopted in September 2021. As of 2024, all new handheld gadgets will have to be equipped with a USB-C charging port. The deadline for laptops is 2026. These new and long-awaited rules will bring resource and CO2 savings while allowing technological innovation.
  • Commission welcomes political agreement on Gender Balance on Corporate Boards
    • The European Commission welcomes the political agreement between the European Parliament and the Council on the Directive on improving the gender balance among non-executive directors of listed companies. The Directive sets a share of 40% of the underrepresented sex among non-executive directors and 33% among all directors for EU companies listed on the EU stock exchanges, to accelerate the reach of better gender balance. These companies must ensure that board appointments procedures are clear and transparent, and that applicants are assessed objectively based on their individual merits, irrespective of gender.
  • 2021 EU Budget: Performance report highlights key role in supporting EU recovery and advancing key EU priorities
    • The Commission presented the Annual Management and Performance Report for the EU budget for the 2021 financial year, through which the Commission takes overall political responsibility for the management of the previous year’s EU budget. The report showed that last year, EU funds continued to play a critical role in the EU’s response to the coronavirus pandemic and its consequences.
  • Rules on removing terrorist content online become applicable
    • The EU Regulation on addressing the dissemination of terrorist content online has entered into application on 7 June 2022. The Regulation provides a legal framework to ensure that hosting service providers will take down terrorist content online within one hour.
  • Commission welcomes political agreement on adequate minimum wages for workers in the EU
    • The European Commission welcomes the political agreement reached between the European Parliament and the EU Member States on the Directive on adequate minimum wages proposed by the Commission in October 2020. The Directive establishes a framework for the adequacy of statutory minimum wages, promoting collective bargaining on wage setting, and enhancing the effective access of workers to minimum wage protection in the EU.



  • Sanctions Monitoring Board publishes Guidance on EU Commission’s 6th round of sanctions
    • In response to the EU Commission’s 6th round of sanctions relating to the Russia-Ukraine crisis, the Sanctions Monitoring Board (SMB) has issued a series of Guidance Notes on the implementation of EU restrictive measures, the latest of which are:
      1. An updated General Note on the applicable prohibitions in terms of restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.
      2. FAQs relating to Article 5m of Council Regulation (EU) 2022/879 of 3 June 2022 amending Regulation (EU) No 833/2014.
      3. FAQs relating to Article 5n of the above Council Regulation.



  • OECD issues policy paper on Global Plastics Outlook: Policy Scenarios to 2060
    • The OECD has issued a first report to comprehensively take stock of current plastics production, use and waste generation, uncover the underlying economic drivers and map the related environmental impacts on a global level. The report also presents four key levers that are essential to bend the plastic curve: markets for recycled (secondary) plastics, technological innovation in plastics, domestic policy measures and international co-operation, including international financing.
    • The findings point to the need for a whole of life-cycle approach requiring policy interventions both downstream of the value chain, such as end-of-life management, and upstream, like product design, for an effective policy mix.
  • OECD publishes Economic Outlook 2022
    • The war in Ukraine is a major humanitarian crisis with associated economic shocks that threaten the post-pandemic recovery. The OECD Economic Outlook, Volume 2022 Issue 1, highlights the implications and risks for growth, inflation and living standards from higher commodity prices and potential disruptions to energy and food supplies, and discusses the associated policy challenges.



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