By Maya Lester QC & Michael O’Kane

EU Blocking Statute

The EU Blocking Statute (Council Regulation (EC) No 2271/96) seeks to “block” what is regarded as the extra-territorial impact of some US sanctions on Iran, Libya and Cuba. The EU adopted the Blocking Statute in 1996 in response to US sanctions on Cuba, Iran and Libya. In 2018, the Blocking Statute was amended in response to the re-imposition of US...

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