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Expert Analysis

How Extension Of EU License Exemption Affects Subsidiaries

By Sabine Naugès, Raminta Dereskeviciute and Michal Chajdukowski (July 4, 2024, 10:38 AM BST) -- In an unprecedented move, as part of the 14th sanctions package adopted on June 20, European Union member states agreed to extend partner countries subsidiaries' exemption for three months until Sept. 30, likely due to the workload faced by the regulators and a lack of guidance to businesses as well as the authorities.[1]...

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