ARTICLE · 10 JANUARY 2025

Looking Ahead: European Developments - Horizon Scanner: Finance, January 2025

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From 1 January 2025 (that date was extended from 20 December 2024 by the fourteenth package of EU sanctions against Russia), all contracts for the export of specific types...

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AVIATION – FINANCIAL SANCTIONS

From 1 January 2025 (that date was extended from 20 December 2024 by the fourteenth package of EU sanctions against Russia), all contracts for the export of specific types of goods from the EU to certain third countries concluded before 19 December 2023 must include a 'No Russia Clause' unless they have already expired with no remaining obligations.

For more information, read the latest insights from our Aviation Group: Aviation: Sanctions Update: European Commission updates Guidance on 'No Re-Export' clauses.

BANKS – 2025 STRESS-TEST

The EBA's 2025 EU-wide stress test for banks will formally start in January 2025 following the release of the macroeconomic scenarios. Results are due to be published early in August 2025.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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