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EU denies advantages of Part III of the ECT to Russian and Belarusian entities

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Published on: 30 September 2024

Published by LNB News

LNB News 30/09/2024

Document Information

Issue Date: 30 September 2024

Published Date: 30 September 2024

Jurisdiction(s): European Union

Article summary

The International Energy Charter (IEC) has announced that the EU has informed the IEC of its decision to exercise the right under Article 17 of the Energy Charter Treaty (ECT), which is to deny the advantages of Part III of the ECT on behalf of the EU, the European Atomic Energy Community (Euratom) and the listed member states which are or have been contracting parties to the ECT. The advantages will be denied to any legal entity that is owned or controlled by citizens or nationals of the Russian Federation or of the Republic of Belarus and to any investment within the meaning of the ECT which is an investment of an investor of the Russian Federation or of the Republic of Belarus.

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