Council of the European Union & United States

Council of the European Union: The Council adopted the 21st sanctions package against Russia, which included crypto platforms, prompting Binance's restrictions.

United States: The US, through Treasury sanctions, is a key driver of the restrictions, reinforcing its stance against sanctions evasion via crypto.

Council of the European Union: The Council of the European Union>>> is a legislative body that must negotiate and approve the legislative proposals within the European Technological Sovereignty Package before they can become law.

United States: The United States is the primary target of the European Union's new regulations, as the EU seeks to reduce its dependence on US cloud providers and technology due to fears of a 'kill switch' and potential surveillance. This could lead to increased transatlantic tensions.

Council of the European Union: The Council formally adopted the package, making it the key decision-making body.

United States: The US is a partner in sanctions efforts and may benefit from reduced Russian energy competition.

Council of the European Union: Committed to border protection and anti-smuggling.

United States: Trump used crisis for political purposes.

Council of the European Union: The Council of the European Union initially upheld the classification of Alphabet Inc.'s conduct as an infringement, reducing the fine but largely confirming the Commission's findings, which was then affirmed by the higher court.

United States: The United States, through its officials, has criticized some European enforcement actions, arguing that heavy regulation and substantial financial penalties could affect innovation and investment, indicating ongoing trade disagreements.

Council of the European Union: The Council of the European Union>>> issued the ruling, upholding the 'gatekeeper' designation for Kik (app)>>> and annulling it for Meta Platforms>>>, providing judicial interpretation of the Digital Markets Act.

United States: The United States>>> is mentioned in the context of increasing regulatory scrutiny for Meta Platforms>>> and accusations that the EU is targeting American companies.

Council of the European Union: The program complies with EU regulations adopted by the Council.

United States: The value of the share buy-back program is also referenced in United States, approximately USD 1bn.