{"id":124854,"date":"2024-01-25T07:45:08","date_gmt":"2024-01-25T05:45:08","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/eu-set-to-tighten-scrutiny-over-foreign-investments-in-key-sectors-with-new-economic-security-plans\/"},"modified":"2024-01-25T07:45:08","modified_gmt":"2024-01-25T05:45:08","slug":"eu-set-to-tighten-scrutiny-over-foreign-investments-in-key-sectors-with-new-economic-security-plans","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/eu-set-to-tighten-scrutiny-over-foreign-investments-in-key-sectors-with-new-economic-security-plans\/","title":{"rendered":"EU set to tighten scrutiny over foreign investments in key sectors with new economic security plans"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/124854\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nThe new rules would compel all EU countries to screen FDI on critical sectors, such as microchips and robotics. The EU&#8217;s executive has ventured further into the realm of national security with new rules to oversee, examine and possibly prohibit foreign investments in strategic sectors, like AI, microchips and biotech. The European Commission on Wednesday unveiled a new proposal that would provide it and member states with a more detailed picture of foreign direct investment (FDI) that carries high risks for security and public order.<\/p>\n<p>Quantum technology, cloud computing, robots, drones, virtual reality, advanced sensors, 6G networks, nuclear fusion, hydrogen, batteries and space surveillance, as well as military equipment, would also fall under the legislation. The level of risk would be determined by looking at the effects that the investment, regardless of its size and origin, might have on critical infrastructure, supply chains, sensitive information and media pluralism. Money flows coming from authoritarian regimes, like China, Russia and Belarus, and people under EU sanctions would be immediately considered cause for inspection.<\/p>\n<p>The magnified vigilance would also apply to investments that take place inside the bloc but are ultimately controlled by a non-EU person or company. Under the new rules, the screening of FDI into high-risk sectors would become mandatory for all member states. As of today, four countries lack a proper system \u2013 Croatia, Bulgaria, Greece and Cyprus \u2013 while Ireland&#8217;s efforts are ongoing.<\/p>\n<p>Once a country begins reviewing a suspicious investment, the Commission and the other capitals would be allowed to provide comments and voice concerns, turning the internal process into an EU-wide dialogue. However, the final decision to prohibit the FDI would be taken by the national authorities, never by Brussels. Wednesday&#8217;s proposal is the first piece of legislation to emerge from the Economic Security Strategy presented in June by Ursula von der Leyen, a pioneering document that proposed a meaningful shift in the decades-long mantra of free and open markets.<\/p>\n<p>The Commission has since then faced accusations of protectionism and dirigisme, in line with French interests, but the executive insists the focus on &#8220;de-risking&#8221; is a logical reaction to the fraught and confrontational political climate around the world, particularly in the aftermath of the COVID-19 pandemic, Russia&#8217;s invasion of Ukraine and China&#8217;s increased assertiveness. Last year, Beijing angered the west when it restricted exports of gallium and germanium, two rare-earth metals used for electronic components.<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/my-europe\/2024\/01\/24\/eu-set-to-tighten-scrutiny-into-foreign-investments-in-key-sectors-with-new-economic-secur\">Read more&gt;&gt;<\/a><\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/my-europe\/2024\/01\/24\/eu-set-to-tighten-scrutiny-into-foreign-investments-in-key-sectors-with-new-economic-secur\">Euronews<\/a> <\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/eu-set-to-tighten-scrutiny-over-foreign-investments-in-key-sectors-with-new-economic-security-plans\/\">EU set to tighten scrutiny over foreign investments in key sectors with new economic security plans<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[555,13074,274,13075],"class_list":["post-124854","post","type-post","status-publish","format-standard","hentry","category-news","tag-csr-news-en","tag-economic-security","tag-eu","tag-foreign-investment"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/124854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=124854"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/124854\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=124854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=124854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=124854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}