NO! This is a common misconception.
The USB consortium, or an alternative consortium backed by the major companies, makes a proposal for a new standard, with commitment to update to this standard within a certain time frame. This is presented to the EU, who will likely approve if the major companies are in agreement. They will then pass a law that past a given point in the future, all new product introductions must follow the new standard.
This happens all the time with e.g. safety standards. EU is not preventing evolution, they are forcing the big companies to work together. This is good. If the EU did not do this, all your appliances would have much higher stand-by power consumption than the current status.