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EU restrictive measures in response to the crisis in Ukraine
Опубликовано: 19.06.2016
В рамках спецпроекта: Украина
Since March 2014, the EU has progressively imposed restrictive measures in response to the illegal annexation of Crimea and deliberate destabilisation of Ukraine.
Diplomatic measures

The EU-Russia summit was cancelled and EU member states decided not to hold regular bilateral summits. Bilateral talks with Russia on visa matters as well as on the New Agreement between the EU and Russia were suspended.

Instead of the G8 summit in Sochi, a G7 meeting was held in Brussels on 4-5 June 2014. Since then, meetings have continued within the G7 process.

EU countries also supported the suspension of negotiations over Russia's joining the OECD and the International Energy Agency. Individual restrictive measures: Asset freeze and travel restrictions.

146 people and 37 entities are subject to an asset freeze and a travel ban over their responsibility for actions which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine.

On 10 March 2016 the Council prolonged these measures until 15 September 2016.

Misappropriation of Ukrainian state funds

In March 2014, the Council decided to freeze the assets of individuals identified as responsible for the misappropriation of Ukrainian state funds. These measures were last extended in March 2016.

Restrictive measures in response to the illegal annexation of Crimea and Sevastopol

As a consequence of the EU's non-recognition of the illegal annexation of Crimea and Sevastopol by Russia, the Council imposed substantial restrictions on economic relations with Crimea and Sevastopol.

These measures include an import ban on goods from Crimea and Sevastopol, imposed in June 2014, as well as restrictions introduced in July on trade and investment related to certain economic sectors and infrastructure projects.

In addition, a full ban on investment has been in place since December 2014, along with a prohibition to supply tourism services in Crimea. Exports of further key goods for certain sectors are also banned, including equipment for the prospection, exploration and production of oil, gas and mineral resources.

On 17 June 2016, the Council extended these measures until 23 June 2017. 'Economic sanctions' - measures targeting exchanges with Russia in specific economic sectors.

In July and September 2014, the EU imposed economic sanctions targeting exchanges with Russia in specific economic sectors. In March 2015, EU leaders decided to align the existing sanctions regime to the complete implementation of the Minsk agreements, which was foreseen for the end of December 2015. Following this decision, on 22 June 2015 the Council extended economic sanctions for six months, until 31 January 2016. Since the Minsk agreements will not be fully implemented by 31 December 2015, the Council has extended economic sanctions until 31 July 2016.

These restrictive measures:

   limit access to EU primary and secondary capital markets for 5 major Russian majority state-owned financial institutions and their majority-owned subsidiaries established outside of the EU, as well as three major Russian energy and three defence companies;
   impose an export and import ban on trade in arms;
   establish an export ban for dual-use goods for military use or military end users in Russia;
   curtail Russian access to certain sensitive technologies and services  that can be used for oil production and exploration.

Measures concerning economic cooperation

Restrictions on economic cooperation were introduced by EU leaders in July 2014:

   the EIB was requested to suspend the signature of new financing operations in the Russian Federation;
   EU member states agreed to coordinate their positions within the EBRD Board of Directors with a view to also suspend the financing of new operations;
   the implementation of EU bilateral and regional  cooperation programmes with Russia was  re-assessed and certain programmes suspended.
Источник: European Council

Оригинальный материал опубликован:
Россия European Council

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