The European Commission adopted Guidance to all Member States concerning foreign direct investment from Russia and Belarus in view of the military aggression against Ukraine and the restrictive measures laid down in recent Council Regulations on sanctions.
In the current circumstances, there is a significantly heightened risk that FDI by Russian and Belarusian investors may pose a threat to security and public order. Therefore, within applicable rules, the National Foreign Direct Investment Screening Office shall systematically check and scrutinize very closely Russian and Belarusian FDI. These risks may be exacerbated by the amount of Russian investments in the EU and the intensity of prior business relations between EU and Russian companies.
Moreover, particular attention must be given to the threats posed by investments by persons or entities associated with, controlled by or subject to influence by the two governments because these governments have a strong incentive to interfere with critical activities in the EU and to use their ability to control or direct Russian and Belarusian investors in the EU for that purpose.
FDI Screening - an essential EU-wide framework will help to address risks that FDI by Russian and Belarusian investors may pose, while ensuring the protection of security and public order.
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https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.CI.2022.151.01.0001.01.ENG&toc=OJ%3AC%3A2022%3A151I%3ATOC&fbclid=IwAR2kbI6J_Gc0r7A3jD-e6bB3IJYX7aVWIVsNmHi5Tgj4trjXqYHfrfgG7aA