EU courts banned from protecting Russia’s investments in community energy projects 14:38

The European Commission (EC) has banned EU courts from protecting Russia and Belarus’ investments in community energy projects under the Energy Charter Treaty (ECT). This was reported by TASS According to the statement by the European Commission Directorate General for Trade.

“By deciding to ban investment and investor protection from Russia and Belarus on the basis of the Energy Charter Treaty, the EC has pre-emptively closed the potential path to challenging EU sanctions in court,” the document reads.

On July 3, the EU bored Measures to prevent circumvention of sanctions imposed on Russia. Companies operating in the community are now required to ensure that any non-European legal entity they own does not engage in activities aimed at helping Russia circumvent restrictions.

At the end of June, the European Union distributed Part of the restrictive measures previously applied against Russia, directed against Belarus. Therefore, the new restrictions include a ban on imports from the republic of gold, diamonds, helium, coal and mineral products, as well as crude oil.

Previously, Russia Intended to Switch to cryptocurrencies in calculations to bypass sanctions.

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Source: Gazeta

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