Investment protection as a weapon: How Russian oligarchs are attacking sanctions

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EU flag as an illustration of the threat to the EU through investment protection (ISDS)

How Arbitration Threatens European Security Policy

Four years ago, Putin launched his war of aggression against Ukraine, which continues to kill people every day to this day. Since then, the EU has been increasingly trying to pressure Russia with sanctions, targeting more than 2,700 individuals and entities. But some oligarchs are trying to circumvent the sanctions: With the help of arbitration proceedings (ISDS), they sue Ukraine or EU states and demand billions in compensation. In a new paper, PowerShift draws attention to how special actions undermine European security policy. How threatening are these arbitrations? And what needs to change in the future? Nora Noll talks about this with Fabian Flues, Trade Policy Officer at PowerShift.

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