Council Decision (EU) 2024/1852 of 25 June 2024 on the denial of advantages under Part III of the Energy Charter Treaty by the Union 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 Energy Charter Treaty which is an investment of an investor of the Russian Federation or of the Republic of Belarus

1 The Union shall deny, pursuant to Article 17(1) of the Energy Charter Treaty, the advantages of Part III of that agreement to any legal entity that is owned or controlled by citizens or nationals of the Russian Federation or of the Republic of Belarus, and that has no substantial business activities in the area of the Contracting Party, or former Contracting Party, in which it is organised.

2 The Union shall deny, pursuant to Article 17(2), point (b), of the Energy Charter Treaty, the advantages of Part III of that agreement to any investment of an investor of the Russian Federation or of the Republic of Belarus in the circumstances described in that provision.

The Commission shall, on behalf of the Union, give effect to this Decision by circulating the Declaration in the Annex within the Energy Charter Conference.