New Stage of EU Sanctions Policy: Extraterritorial Measures
... application of unilateral restrictions by third countries, followed by the adoption of the necessary measures to eliminate vulnerability. The European Commission then announced its intention to strengthen the Blocking Statute , which declares all foreign extraterritorial sanctions null and void in the EU and provides the power of courts in the jurisdiction of the European Union to satisfy the claims of European citizens and companies affected by such restrictions. It was intended to clarify the procedures for applying Article 6 of the Blocking Statute (allowing persons subject to the regulation to recover in court ...