Understanding The EU's 14th Sanctions Package And Its Implications

Michael Kyprianou & Co. LLC

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Michael Kyprianou & Co. LLC

The Council Regulation (EU) 2024/1745 (the "Regulation") amends Regulation (EU) 833/2014 and comprises the 14th EU sanctions package concerning restrictive measures related to specific activities.

European UnionInternational Law

Lefteris Eleftheriou

Stephanos Ayiomamitis

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The Council Regulation (EU) 2024/1745 (the "Regulation") amends Regulation (EU) 833/2014 and comprises the 14th EU sanctions package concerning restrictive measures related to specific activities. The new sanctions package emphasizes anti-circumvention strategies and introduces restrictions for specific sectors and activities, such as liquefied natural gas (LNG). This article addresses the new Article 5s, the amendment of Articles 8-8a and Article 12, and their impact on natural and legal persons established and operating in the EU, with a particular focus on the Cypriot market.

Article 5s

Article 5s introduces restrictions on the acceptance of new intellectual property (IP) applications and related requests from specific nationals or entities by intellectual property offices and institutions within the EU Member States or facilitated through EU member states to other relevant international bodies (such as WIPO). The main provisions of Article 5s include:

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Understanding The EU's 14th Sanctions Package And Its Implications

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