The EU, Euratom, and Member States deny benefits to Russian and Belarussian investors under the ECT

On September 25, 2024, the EU, Euratom, and Member States exercised their right under Article 17 of the ECT to deny benefits of the Part III of the treaty which deals with investment protection and promotion to Russian and Belarussian investors. The benefits are denied to investments of Russian and Belarussian investors, as well as to all legal entities that are owned or controlled by citizens or nationals of the Russian Federation or of the Republic of Belarus and that have no substantial business activities in the area of the Contracting Party, or former Contracting Party, in which they are organised.