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Proposed anti-coercion instrument

Briefing 16-06-2022

It is widely held that geopolitical tensions in the world are on the rise. One of the clear indicators of this phenomenon is the increasing use of economic tools for the pursuit of strategic and geopolitical aims. This can take the form of coercion used by one country against another through restrictions on trade or investment in order to interfere with their sovereign choices. In response to the EU and its Member States becoming the target of deliberate economic coercion in recent years, on 8 December ...

The current partnership between sub-Saharan African, Caribbean and Pacific states (ACP) and the EU (the Cotonou Partnership Agreement) has a provision making it possible for the EU to negotiate different economic partnership agreements (EPAs) with regional ACP sub-groups. This provision was needed for the partnership to be aligned with the World Trade Organization's rules. Negotiations for an EPA with the partner states of the East African Community (EAC) – at the time: Burundi, Kenya, Rwanda, Tanzania ...

This paper provides a summary of recent economic, financial and budgetary measures and developments following President Vladimir Putin’s decision of 24 February to start a military attack against Ukraine. It includes recent information relating to the EU sanctions regime, recent economic estimates and policies supporting economic and financial resilience, including the coordination of national economic and fiscal measures. It also highlights policy recommendations made in the public domain to mitigate ...

On 24 February 2022, Russia launched an invasion of Ukraine. The war itself, as well as related sanctions and countersanctions are expected to have a significant impact on the euro area economy. This paper summarises the recent monetary policy decisions of the European Central Bank (ECB)'s Governing Council and outlines some policy issues and challenges that might arise in the context of the war, related to price stability, financial stability, climate and energy policies, ECB/Eurosystem staff projections ...

The paper presents the findings of a study on external policy measures adopted by the European Union and like-minded partners to address modern slavery in third countries. The study is intended to support the European Parliament in monitoring EU external action and initiating the refinement of existing or the adoption of new external policy instruments relating to forced labour and modern slavery The study provides a review of the different external policy tools available to the EU to contribute ...

The IUU Regulation (1005/2008) is the core of the EU’s legal framework for action against global IUU fishing. Its primary objective is to prevent, deter and eliminate the trade of IUU-caught products into the EU. One of its key components is a multiple-step procedure for dealing with non-EU countries considered uncooperative in the fight against IUU fishing. Sixth edition. This infographic further updates an earlier one, the previous edition of which was in March 2021. For more information on IUU ...

This paper provides a summary of recent economic, financial and budgetary decisions and developments following President Vladimir Putin’s decision of 24 February to start a military attack against Ukraine. It includes recent information relating to the EU sanctions regime, recent economic estimates, policies supporting economic and financial resilience, including the coordination of national economic and fiscal measures. It also highlights policy recommendations made in the public domain to mitigate ...

While the UN Human Development Index, which assesses progress in the standard of living, health and education, ranks Russia among the 'very high human development' countries, other data suggest a more nuanced reality. Russia has gone from Soviet-era egalitarianism to extremes of wealth and poverty. Economic growth during the first decade under Vladimir Putin's leadership slightly reduced the gap between rich and poor, but inequality is still higher than in most developed countries. Factors such as ...

The coronavirus crisis has demonstrated not only that the European Union faces a variety of risks, and that those disparate risks are inter-linked, but that the response to such challenges to the Union - even in areas in which the EU does not have explicit competence - is stronger with the Union and its Member States acting together. Russia's war on Ukraine, which was launched while this study was being drafted, shows us not just the added value of concerted action by the Union but also the ability ...

The Southern Neighbourhood (SN) of the European Union (EU) remains in what appears to be a state of permanent turmoil. Similarly, the rift in Euro-Mediterranean relations seems to be growing, as exemplified by reactions to the Russian aggression on Ukraine across the SN region and despite a window of opportunity the pandemic offered to relaunch cooperation between both sides of the Mediterranean. The Joint Communication on a ‘Renewed partnership with the Southern Neighbourhood: a New Agenda for the ...