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EU Sanctions lead to Russian Gas Cut Off through Ukraine
August 09, 2022
Russian oil supplier Transneft, who supplies oil through the southern Druzhba pipeline servicing Hungary, Slovakia and the Czech Republic has stopped delivery citing issues with EU financial sanctions.
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Russia Blacklists 39 Brits Including Politicians, Business people and Journalists
August 03, 2022
Adding to the list of 200 British citizens banned from entering Russian territory, the country has added an additional 39 individuals including prominent politicians and journalists, due to, according to the Russian Foreign Ministry, their contribution « to London’s hostile course aimed at demonizing of our country and its international isolation.”
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Spain Orders Temperature Limits for Businesses to Conserve Energy before Winter
August 03, 2022
Aiming to reduce gas consumption by 7 percent in an effort to save energy before the winter, Spain's government ordered all businesses to limit their temperatures, air conditioning cannot be lowered below 27 degrees Celsius (80°F) in summer and heating cannot exceed 19 degrees Celsius (66°F) this winter.
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European Parliament Ends Case to Force EU Action on Rule-of-Law
August 03, 2022
Due to a fragile legal case, The European Parliament has dropped a lawsuit against the European Commission that demanded the utilization of the newly created rule of law mechanism that would allow the cutting of funds to countries accused of not respecting EU laws.
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Paul Hastings: Warning of a New EU Corporate Sustainability Reporting Directive
July 27, 2022
In June, the Council of the European Union and European Parliament reached a provisional political agreement on the Corporate Sustainability Reporting Directive (“CSRD”), which aims to create global sustainability reporting standards, more than quadrupling the number of companies required to report on sustainability.
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