You may be interested to learn about the EU Blocking Statute which is designed to protect EU companies from certain US sanctions:
> The European Union does not recognise the extra-territorial application of laws adopted by third countries and considers such effects to be contrary to international law.
(yes the irony is palpable)
> The blocking statute prohibits compliance by EU operators with any requirement or prohibition based on the specified foreign laws.
It is illegal to comply with certain US sanctions in the EU. This is most likely what GP
is talking about.
> The European Union does not recognise the extra-territorial application of laws adopted by third countries and considers such effects to be contrary to international law.
(yes the irony is palpable)
> The blocking statute prohibits compliance by EU operators with any requirement or prohibition based on the specified foreign laws.
It is illegal to comply with certain US sanctions in the EU. This is most likely what GP is talking about.
https://finance.ec.europa.eu/eu-and-world/open-strategic-aut...