Vol. 42 (2022)
Special section

The European Commission filing gaps in the FDI sreening regulation in the face of the war in Ukraine

Published 2023-06-30

Keywords

  • war in Ukraine,
  • Russia,
  • sanctions, foreign direct investment,
  • FDI screening,
  • the EU FDI Screening Regulation,
  • European Commission,
  • public security,
  • public order

How to Cite

Pietkun, D. (2023). The European Commission filing gaps in the FDI sreening regulation in the face of the war in Ukraine. Polish Yearbook of International Law, 42, 109–131. https://doi.org/10.24425/PYIL.2023.147172

Abstract

On 19 March 2019 the European Union (EU) adopted the Regulation establishing a framework for the screening of foreign direct investments into the EU (the “Regulation”). Four years later, the geopolitical situation changed completely as a result of the Russian aggression against Ukraine. Since February 2022 the EU has successively expanded its sanctions imposed against Russia. In parallel – on 6 April 2022 – the European Commission published the Guidance to the Member States concerning foreign direct investment from Russia and Belarus in view of the military aggression against Ukraine and the restrictive measures laid down in recent Council Regulations on sanctions.

The aim of the article is to draw attention to selected aspects of the Regulation which may be relevant in face of the threats to the European and national security and public order posed by the actions of the regimes of Russia and Belarus, following the invasion of Ukraine. In the perspective of the ongoing war in Ukraine, the issues discussed in this article may be points that are worth considering when amending the Regulation in view of the announced revision of the Regulation in Autumn 2023.

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