Here's an editorial item from 2008, in case you missed the transition. I'm only bringing it up now because this logo, though it has been refined to just the circle of stars and the upper and lower arc, appeared briefly on a European Council news item. So, it hasn't gone out of use since then i.e. it wasn't just a discarded design one-off.
The EYE OF SAURON has been burnished and polished and gold plated so that you know who's in control of your corporate slavery.
The Council of the European Union is the principal decision making institution in the European Union (EU). It is often informally called the Council of Ministers or just the Council, the name used in the treaties; it is also called Consilium as a Latin-language compromise. Within the competencies of the Community pillar, it is the more powerful of the two legislative chambers, the other being the European Parliament. This Council should be distinguished from the European Council, which is an assembly of EU heads of state or government, and the Council of Europe, which is a non-EU organisation of 47 states. [source RED ICE CREATIONS]
You'll also notice the 'upper eyelid' of the Eye of Sauron in the UK Home Office logo: